(1) Each partner has authority to represent the partnership if they have not been excluded from such representation by the partnership agreement.
(2) The partnership agreement may provide that all or several partners are to have authority to represent the partnership only jointly (joint representation). The partners authorised to represent the partnership jointly may authorise one or more of their number to undertake particular transactions or particular kinds of transactions. Where a declaration of intent is to be made to the partnership, it will suffice to make such declaration to one of the partners authorised to participate in representing the partnership.
(3) The partnership agreement may provide that, where several partners do not act jointly, the partners are to have authority to represent the partnership only jointly with a holder of a general commercial power of representation. In such case, the provisions of subsection (2) sentences 2 and 3 apply accordingly.
(4) (repealed)