717Limited partnerships: limit on number of members
(1)So much of the [7 Edw. 7 c. 24.] Limited Partnerships Act 1907 as provides that a limited partnership shall not consist of more than 20 persons does not apply—
(a)to a partnership carrying on practice as solicitors and consisting of persons each of whom is a solicitor.
(b)to a partnership carrying on practice as accountants and consisting of persons each of whom falls within either paragraph (a) or (b) of section 389(1) of this Act (qualification of company auditors),
(c)to a partnership carrying on business as members of a recognised stock exchange and consisting of persons each of whom is a member of that exchange.
(2)The Secretary of State may by regulations in a statutory instrument provide that so much of section 4(2) of the Act of 1907 as provides that a limited partnership shall not consist of more than 20 persons shall not apply to a partnership (other than one permitted by subsection (1) of this section) carrying on business of a description specified in the regulations, being a partnership of a description so specified.
(3)In this section " solicitor" means the same as in section 716.