Section 34
Conversion from Labuan limited partnership to Labuan limited liability partnership
of Labuan Limited Partnerships and Limited Liability Partnerships Act 2010
A Labuan limited partnership may convert to a Labuan limited liability partnership if and only if the partners of the
Labuan limited liability partnership to which the Labuan limited partnership is to be converted, comprises all the partners of the
Labuan limited partnership and no one else.
(2)
In this chapter, “convert”, in relation to a Labuan limited partnership converting to a Labuan limited liability partnership, means a transfer of the properties, interests, rights, privileges, liabilities, obligations and the undertaking of the Labuan limited partnership to the Labuan limited liability partnership.
Act 707