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Contents

Long Title

Enacting Formula

Part I PrELIMINARY

Part II NATURE OF LIMITED LIABILITY PARTNERSHIP

Part III REGISTRATION

Part IV CONVERSION TO LIMITED LIABILITY PARTNERSHIP

Part V MANAGEMENT AND ADMINISTRATION

Part VI RECEIVERSHIP AND WINDING UP

Part VII MISCELLANEOUS

FIRST SCHEDULE Default Provisions for Limited Liability Partnerships

SECOND SCHEDULE Conversion from Firm to Limited Liability Partnership

THIRD SCHEDULE Conversion from Private Company to Limited Liability Partnership

FOURTH SCHEDULE Receivers and Managers

FIFTH SCHEDULE Winding Up

SIXTH SCHEDULE Consequential Amendments to Other Written Laws

 
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Related Subsidiary Legislation | Amendment Annotation off
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On 20/06/2013, you requested for the version in force on 20/06/2013 incorporating all amendments published on or before 20/06/2013. The closest version currently available is that of 11/02/2005.
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Debt owed to partner
32.
—(1)  Any sum due to a partner of a limited liability partnership (in his capacity as a partner) shall not be a debt of the limited liability partnership payable to that partner in a case of competition between himself and any other creditor who is not a partner, but any such sum may be taken into account for the purpose of the final adjustment of the rights of the partners among themselves.
(2)  Subsection (1) shall not apply to any sum due to a partner as repayment of a loan made in good faith by him to the limited liability partnership.