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The Limited Liability Partnership Act, 2008

Chapter II — NATURE OF LIMITED LIABILITY PARTNERSHIP

Section 3Limited liability partnership to be body corporate

Read in the full Act
Section 3: Limited liability partnership to be body corporate

3. Limited liability partnership to be body corporate

(1)

A limited liability partnership is a body corporate formed and incorporated under this Act and is a legal entity 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.