Section 10
of Labuan Limited Partnerships and Limited Liability Partnerships Act 2010
Section 10
Any contribution to be made by a limited partner to a
Labuan limited partnership may be in the form of money in any currency, any other property, or services.
(2)
Where the contribution of the limited partner is made or undertaken to be made otherwise than in cash—
(a)
there shall forthwith be assigned to that contribution or part of that contribution or to that intended contribution or part of that intended contribution, in accordance with the partnership agreement, a value to be known as a statutory value; and
(b)
the statutory value shall, for the purposes of this Act, be accepted as the value of that contribution or that part of the contribution or, of that intended contribution or that part of the intended contribution, as the case may be.