This creates the new possibility of giving a limited partner the power to take part in the business of an investment partnership in a way that could challenge the distinction between a limited partner and a general partner. I move amendment No. 7: In page 50, line 39, after "partner" to insert "or limited partner". It seeks to add a provision that the general partner is not aware of a notification made to a limited partner of a resolution to wind up the investment limited partnership.
It is essentially one of the key cornerstones of this legislation that the general partner is the person responsible for the running of the partnership and the limited partner's role is limited and it has no role in the management or decision-making roles of the investment limited partnership. Consequently, a limited partner cannot have a role with regard to winding up the investment limited partnership.
Key terms by TF-IDF across 2,300 words from 8 speakers. The summary quotes the highest-scoring sentences verbatim — nothing is paraphrased.
Tellers: Tá, Senators Robbie Gallagher and Seán Kyne; Níl, Senators Frances Black and Lynn Ruane.
| Question | Result | Tá–Níl |
|---|---|---|
| Amendment put: | Lost | 14–28 |
| Amendment put: | Lost | 12–28 |
| Question put: "That the motion be agreed to." | Carried | 27–11 |
| Question put: "That the Order of Business be agreed to." | Carried | 27–14 |
| Amendment put: | Lost | 14–26 |
| Amendment put: | Lost | 14–26 |
| Question put: "That the motion be agreed to." | Carried | 26–14 |
| Question put: "That amendment No. 10 is hereby negatived, in respect of each of the sections undisposed of the section is hereby agreed to, the Title is hereby agreed to and the Bill is accordingly reported to the House without amendment." | Carried | 24–11 |
| Amendment put: | Lost | 11–28 |
| Question put: "That the motion be agreed to." | Carried | 28–11 |
Party shown is the one each member held on 2020-10-22, frozen by a dated join — not their party today. The Oireachtas API publishes no date of birth and returns an empty gender field for every member in this period, so no age or gender breakdown is shown.