(1) With respect to third parties, the general partnership becomes effective as of the time the partnership is registered in the Commercial Register.
(2) Where the partnership commences business before registration, it will become effective as of the time it commences business, unless section 2 or section 105 subsection (2) provides otherwise.
(3) Any agreement by which the partnership is to come into existence at a later date is ineffective vis-à-vis third parties.