Incorporated Limited Partnerships (Jersey) Order 2011

Summary

This Order supplements the Incorporated Limited Partnerships (Jersey) Law 2011 by fixing the rate of interest payable on certain partnership payments. It is a short, technical instrument with a single substantive provision.

• Interest rate set: Interest on a share of profits owed under Article 13, or on a return of a limited partner's contribution owed under Article 16, of the Incorporated Limited Partnerships (Jersey) Law 2011 is simple interest calculated at 2 percentage points above the base rate from time to time of Barclays Bank plc.
• Citation: The instrument may be cited as the Incorporated Limited Partnerships (Jersey) Order 2011.

The Order came into force on 26 May 2011 and remains current in this consolidated form; it does not impose ongoing filing or reporting duties beyond the interest calculation rule.

Key obligations

• Where interest is payable on a share of profits under Article 13 or on the return of a limited partner's contribution under Article 16 of the Incorporated Limited Partnerships (Jersey) Law 2011, it must be calculated as simple interest at 2 percentage points above Barclays Bank plc's base rate from time to time.

Applies to

incorporated limited partnerships, general partners, limited partners

Related documents

• This document is made under Incorporated Limited Partnerships (Jersey) Law 2011