S.L. 325.6 Art. 24Certain partnerships.

A partnership, other than a partnership en commandite the capital of which is divided into shares shall, for the purposes of article 15 of the Act and article 56(20) of the Income Tax Act, be considered to be a company, as defined in that Act, and the provisions of the said subarticle shall be applicable to such a partnership in like manner and to the same extent as it would have been applicable to a company which has as its shareholders the partners of the said partnership having equivalent rights in the company as they have in the partnership.