(1) The public partly limited partnership is a company having a legal personality of its own in which at least one shareholder is liable to the creditors of the company without limitation (general partner) and the remaining shareholders, without being personally liable for the obligations of the company, have an ownership interest in the capital stock divided up into shares of stock (limited liability shareholders of a public partly limited partnership).
(2) The legal relationship of the general partners inter se and in relation to the entirety of the limited liability shareholders of a public partly limited partnership as well as in relation to third parties, namely the authority of the general partners to conduct the affairs of the company and to represent it, is governed by the provisions of the Commercial Code relating to the limited partnership.
(3) In all other cases, the provisions of Book 1 relating to the stock corporation apply accordingly to the public partly limited partnership unless the provisions set out below lead to a different conclusion or unless something else results from the lack of a management board.