Singapore Government
Link to AGC Website
Home | Search | Browse | Results | My Preferences
 
Contents

Long Title

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

Legislative Source Key

Legislative History

Comparative Table

 
Slider
Left Corner
Print   Permalink
On 18/06/2013, you requested for the version in force on 18/06/2013 incorporating all amendments published on or before 18/06/2013. The closest version currently available is that of 01/03/2010.
Slider
Limited liability of partners
8.
—(1)  An obligation of the limited liability partnership whether arising in contract, tort or otherwise, is solely the obligation of the limited liability partnership.
(2)  A partner is not personally liable, directly or indirectly, by way of indemnification, contribution, assessment or otherwise, for an obligation referred to in subsection (1) solely by reason of being a partner of the limited liability partnership.
(3)  Subsections (1) and (2) shall not affect the personal liability of a partner in tort for his own wrongful act or omission, but a partner shall not be personally liable for the wrongful act or omission of any other partner of the limited liability partnership.
(4)  Where a partner of a limited liability partnership is liable to any person (other than another partner of the limited liability partnership) as a result of a wrongful act or omission of his in the course of the business of the limited liability partnership or with its authority, the limited liability partnership is liable to the same extent as the partner.
(5)  The liabilities of the limited liability partnership shall be met out of the property of the limited liability partnership.
[California Corp Code, UPA 1994, s. 16306 (e); Delaware RUPA, s. 15-305; Jersey LLP Law 1997, Art. 4 (2); UK LLP 2000, s. 6 (4)]