Limited Liability Partnerships Act 2012 · Updated to 1 Aug 2022 · Part II · Fundamentals of a Limited Liability Partnership
Section 3
Feedback & supportA limited liability partnership is a body corporate and shall have legal personality separate from that of its partners.
limited liability partnership
“limited liability partnership” means a limited liability partnership registered under section 11 or a foreign limited liability partnership registered under section 45;
A limited liability partnership shall have perpetual succession.
Any change in the partners of a limited liability partnership shall not affect the existence, rights or liabilities of the limited liability partnership.
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*NOTE—The Companies Act 1965 [Act 125] has been repealed by the Companies Act 2016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
suing and being sued;
acquiring, owning, holding and developing or disposing of property; and
doing and suffering such other acts and things as bodies corporate may lawfully do and suffer.
Non-applicability of partnership law