Chapter II — NATURE OF LIMITED LIABILITY PARTNERSHIP

Section 5Partners

Section 5: Partners

5. Partners

Any individual or body corporate may be a partner in a limited liability partnership:

Provided that an individual shall not be capable of becoming a partner of a limited liability partnership, if—

(a)

he has been found to be of unsound mind by a Court of competent jurisdiction and the finding is in force;

(b)

he is an undischarged insolvent; or

(c)

he has applied to be adjudicated as an insolvent and his application is pending.