Section 3
of Limited Liability Partnerships Act 2012
Section 3
(1)
A limited liability partnership is a body corporate and shall have legal personality separate from that of its partners.
(2)
A limited liability partnership shall have perpetual succession.
(3)
Any change in the partners of a limited liability partnership shall not affect the existence, rights or liabilities of the limited liability partnership.
(4)
A limited liability partnership shall have unlimited capacity and shall be capable of—
*NOTE—The Companies Act 1965 [Act 125] has been repealed by the Companies Act 2016
[Act 777] w.e.f 31 January 2017―see subsection 620(1) of Act 777.
Limited Liability Partnerships 13
(a)
suing and being sued;
(b)
acquiring, owning, holding and developing or disposing of property; and
(c)
doing and suffering such other acts and things as bodies corporate may lawfully do and suffer.