Mr. Speaker, I move, seconded by the honourable Member for Deh Cho, that Bill 1, An Act to Amend the Partnership Act, be read for the second time.
Mr. Speaker, this bill amends the Partnership Act to allow for, and to establish rules and procedures governing, the registration in the Northwest Territories of limited liability partnerships formed in the Northwest Territories, or formed in another jurisdiction but carrying on business in the NWT. In addition, the bill includes amendments to update or clarify the language of various provisions of the act. Thank you, Mr. Speaker.