PRIV S1.18 CIP Partnership Agreement Binding etc

For a CIP, a statement that the partnership agreement—

(a) is binding on each unitholder as if the unitholder had been a party to it; and
(b) authorises and requires the operator to do everything required or permitted of it by its terms.

Note CIP is defined in r 1.2.13. Partnership agreement is defined in the glossary.
Derived from QFCRA RM/2010-06 (as from 1st January 2011)