Limited Liability Partnerships Act 2012 · Updated to 1 Aug 2022 · Part III · Formation and Registration
9. Limited liability partnership agreement
Feedback & supportExcept as otherwise provided by this Act, the mutual rights and duties of the partners of a limited liability partnership, and the mutual rights and duties of the limited liability partnership and its partners, shall be governed—
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;
by the limited liability partnership agreement; and
in the absence of agreement as to any matter set out in the
Second Schedule, by any provision relating to that matter as set out in the Second Schedule.
The limited liability partnership agreement shall be in the national language or English language, and shall consist of the following particulars:
limited liability partnership agreement
“limited liability partnership agreement”, in relation to a limited liability partnership, means a written agreement between the partners of the limited liability partnership or between the limited liability partnership and its partners which determines the mutual rights and duties of the partners among themselves and their rights and duties in relation to the limited liability partnership;
the name of the limited liability partnership;
the nature of business of the limited liability partnership;
the amount of capital contribution by each partner; and
16 Laws of Malaysia ACT 743
that the partners have agreed to become partners of the limited liability partnership.