Malaysia legislation
Section 10
of LABUAN LIMITED PARTNERSHIPS AND LIMITED LIABILITY PARTNERSHIPS ACT 2010
Section 10
(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.
Rights and obligations of general partner