Section 65
Duties and responsibilities of designated partner
of Labuan Limited Partnerships and Limited Liability Partnerships Act 2010
ActIn forceProvision 65 of 91
Section 65
A designated partner shall be—
(a)
answerable for the doing of all acts, matters and things, as are required to be done by the Labuan limited liability partnership under this Act; and
(b)
personally liable to all penalties imposed on the Labuan limited liability partnership for any contravention of
Parts IV and V unless the designated partner satisfies the court hearing the matter that he should not be so liable.