Section 7
Name of Labuan limited partnership
of Labuan Limited Partnerships and Limited Liability Partnerships Act 2010
The name of a Labuan limited partnership shall end with the words “Limited Partnership” in full or the abbreviation “Ltd.P.”,
“LP”, “L.P” or any other form of abbreviation in romanised character or words in the national language of a country which connotes a limited partnership or any abbreviation thereof as may be approved by the Authority.
(2)
The name of a Labuan limited partnership may be in foreign characters, alphabet or language provided that an accurate and certified rendition of the name in the English language is employed and is clearly stated in every written communication sent by, or on behalf of, the Labuan limited partnership and every document issued or signed by, or on behalf of, the Labuan limited partnership.
Labuan Limited Partnerships and Limited
Liability Partnerships 17
(3)
The name of a limited partner shall not appear in the name of a Labuan limited partnership unless it is also the name of one of the general partners or the Labuan limited partnership has been carried on under that name before the admission of that partner as a limited partner.
(4)
The corporate name or any part of the corporate name of a limited partner shall not appear in the name of a Labuan limited partnership unless it is also the corporate name or part of the corporate name of one of the general partners or the Labuan limited partnership has been carried on under that name before the admission of that corporate partner as a limited partner.
(5)
A limited partner whose name or corporate name appears in the name of the Labuan limited partnership contrary to subsection (3)
or (4) shall be liable as a general partner to any creditor of the
Labuan limited partnership who has extended credit without actual knowledge that the limited partner is not a general partner.
(6)
A Labuan limited partnership shall not be registered where the name of the Labuan limited partnership to be registered is in the opinion of the Authority in any way misleading or otherwise undesirable.