Partnership agreement

(1) The partnership agreement of an open-ended investment limited partnership requires text form.
(2) The object of the undertaking laid down in the partnership agreement of the open-ended investment limited partnership must consist exclusively of the investment and management of its funds according to a fixed investment strategy and the principle of risk diversification for collective investment under sections 273 to 284, and, where it is an open-ended development promotion fund, under sections 292a to 292c, for the benefit of its investors. The partnership agreement must provide that the limited partners have the right to redeem their interests by way of termination under section 133, and that the partnership's interests may be acquired exclusively by professional investors and semi-professional investors.
(3) The partnership agreement must provide that 1. notices convening meetings of partners, giving full particulars of the items for resolution, are given in text form, and 2. minutes of the outcome of the meeting of partners are prepared in text form, of which the open-ended investment limited partnership must send investors a copy.
(4) The partnership agreement may not derogate from section 130(1), points 3 and 4, or section 130(3), of the Commercial Code.