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Statutory Provisions

Home Acts & Rules Bill Bills Limited Liability Partnership Bill, 2008 This

Clause 3 - Limited liability partnership to be body corporate - Limited Liability Partnership Bill, 2008

Limited Liability Partnership Bill, 2008
  • Contents

CHAPTER II

NATURE OF LIMITED LIABILITY PARTNERSHIP

Limited liability partnership to be body corporate.

3. (1) A limited liability partnership is a body corporate formed and incorporated under this Act and is a legal entity separate from that of its partners.           

(2) A limited liability partnership shall have perpetual succession

(3) Any change in the partners of a limited liability partnership shall not affect the existence, rights or liabilities of the limited liability partnership.

 
 
 
 

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