Labuan Limited Partnerships and Limited Liability Partnerships Act 2010 [Act 707]   cite [+]

ARRANGEMENT OF SECTIONS
  1. Preamble

  2. PART I   PRELIMINARY

    1. 1. Short title and commencement
    2. 2. Interpretation
  3. PART II   ADMINISTRATION OF THE ACT

    1. 3. Administration of the Act
  4. PART III   LABUAN LIMITED PARTNERSHIPS

      CHAPTER 1   ESTABLISHMENT OF LABUAN LIMITED PARTNERSHIP

    1. 4. Labuan limited partnership
    2. 5. Registration of Labuan limited partnership
    3. 6. Amendment of partnership agreement
    4. 7. Name of Labuan limited partnership
    5. 8. Change of name of Labuan limited partnership
    6. 9. Registered office of Labuan limited partnership
    7. CHAPTER 2   MANAGEMENT AND ADMINISTRATION OF LABUAN LIMITED PARTNERSHIP

    8. 10. Contribution of limited partner
    9. 11. Rights and obligations of general partner
    10. 12. Enforcement of judgments against property of Labuan limited partnership
    11. 13. Rights of limited partner
    12. 14. Share of profits
    13. 15. Dealings by limited partner with Labuan limited partnership
    14. 16. Limited partners' rights as between themselves
    15. 17. Return of limited partner's contribution
    16. 18. Limited partner's liability to Labuan limited partnership
    17. 19. Limited partner's liability to creditors
    18. 20. Admission of additional limited partners and general partners
    19. 21. Assignment
    20. 22. Legal proceedings and service of documents
    21. 23. Authority of general partner to sign
    22. CHAPTER 3   DISSOLUTION OF LABUAN LIMITED PARTNERSHIP

    23. 24. Notice of dissolution
    24. 25. Dissolution of Labuan limited partnership
    25. 26. Dissolution of Labuan limited partnership on death of general partner
    26. 27. Power of court to order dissolution
    27. 28. Settling accounts on dissolution
  5. PART IV   LABUAN LIMITED LIABILITY PARTNERSHIPS

      CHAPTER 1   ESTABLISHMENT OF LABUAN LIMITED LIABILITY PARTNERSHIP

    1. 29. Labuan limited liability partnership
    2. 30. Registration of Labuan limited liability partnership
    3. 31. Registration of changes in particulars
    4. 32. Name of Labuan limited liability partnership
    5. 33. Change of name of Labuan limited liability partnership
    6. CHAPTER 2   CONVERSION TO LABUAN LIMITED LIABILITY PARTNERSHIP

    7. 34. Conversion from Labuan limited partnership to Labuan limited liability partnership
    8. 35. Conversion from Labuan company to Labuan limited liability partnership
    9. 36. Statements to be filed
    10. 37. Registration of conversion
    11. 38. Effect of registration
    12. 39. Pending proceedings
    13. 40. Continuance of conviction, ruling, order or judgment
    14. 41. Existing agreements
    15. 42. Existing contracts, etc.
    16. 43. Continuance of employment
    17. 44. Existing appointment, authority or power
    18. 45. Application of sections 38 to 44
    19. 46. Liabilities and obligations of partner before conversion
    20. 47. Notice of conversion in invoices and correspondence
    21. CHAPTER 3   RECOGNIZED LIMITED LIABILITY PARTNERSHIP

    22. 48. Registration of recognized limited liability partnership
    23. 49. Name of recognized limited liability partnership
    24. 50. Registered office of recognized limited liability partnership
    25. 51. Return to be filed where particulars, etc., changed
    26. 52. Service on recognized limited liability partnership
    27. 53. Cessation of business in Labuan
    28. 54. Liquidation or dissolution of recognized limited liability partnership in place of incorporation or origin
    29. CHAPTER 4   CAPACITY AND TRANSACTIONS OF LABUAN LIMITED LIABILITY PARTNERSHIP

    30. 55. Separate legal personality
    31. 56. Limited liability of partners
    32. 57. Power of partner to bind the Labuan limited liability partnership
    33. 58. Relationship of partners
    34. 59. Dealings by partners with the Labuan limited liability partnership
    35. 60. Assignment of interest
    36. 61. Admission and retirement of partners
    37. 62. Bankruptcy of a partner
    38. CHAPTER 5   MANAGEMENT AND ADMINISTRATION OF LABUAN LIMITED LIABILITY PARTNERSHIP

    39. 63. Registered office of Labuan limited liability partnership
    40. 64. Designated partner
    41. 65. Duties and responsibilities of designated partner
    42. 66. Annual solvency certificate
    43. CHAPTER 6   DISSOLUTION OF LABUAN LIMITED LIABILITY PARTNERSHIP

    44. 67. Receivership and winding-up
    45. 68. Alternative procedure for voluntary winding-up of Labuan limited liability partnership
    46. 69. Revocation of dissolution
  6. PART V   GENERAL

    1. 70. Accounts to be kept
    2. 71. Permitted purpose of establishment
    3. 72. Fees
    4. 73. Inspection and production of documents kept
    5. 74. Form of records
    6. 75. Offence by body corporate
    7. 76. Documents to be filed through Labuan trust company
    8. 77. General penalty
    9. 78. Power to impose administrative penalties
    10. 79. Compounding of offences
    11. 80. Striking-off
    12. 81. Restoration to register
    13. 82. Effect of striking-off
    14. 83. Secrecy
    15. 84. Right to information
    16. 85. Application of the Labuan Financial Services Authority Act 1996
    17. 86. Application of partnership law
    18. 87. Procedure where none laid down
    19. 88. Power to exempt
    20. 89. Regulations
    21. 90. Protection against suit and legal proceedings
    22. 91. Repeal and savings


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