Section 60
Assignment of interest
of Labuan Limited Partnerships and Limited Liability Partnerships Act 2010
ActIn forceProvision 60 of 91
Section 60
(1)
Unless otherwise provided in the partnership agreement, a partner may assign the whole or any part of that partner’s interest in the distribution from the Labuan limited liability partnership but only to the extent that the partner would have been entitled to receive.
(2)
An assignment under subsection (1) shall not by itself—
(a)
cause the partner to cease being a partner of the Labuan limited liability partnership; and
(b)
entitle the assignee to interfere in the management of the
Labuan limited liability partnership.
Labuan Limited Partnerships and Limited
Liability Partnerships 55