(1) The partnership agreement of a closed-ended investment limited partnership requires written form. By way of derogation from the first sentence, text form is sufficient for closed-ended special investment limited partnerships.
(2) The object of the undertaking laid down in the partnership agreement of the closed-ended investment limited partnership must consist exclusively of the investment and management of its funds according to a fixed investment strategy for collective investment
1. for closed-ended retail investment limited partnerships, under sections 261 to 272, and
2. for closed-ended special investment limited partnerships, under sections 273 to 277 and 285 to 292c, for the benefit of the investors. The partnership agreement of closed-ended special investment limited partnerships must additionally provide 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 closed-ended investment limited partnership must send investors a copy.
(4) The partnership agreement may not derogate from section 130(1), points 3 and 4, and (3), of the Commercial Code.
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Section 150
Partnership agreement
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