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Section 12: Constitution of limited liability partnership

Limited Liability Partnerships Act · PART III: NATURE OF LIMITED LIABILITY PARTNERSHIP

consolidated text (as at 2017, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

12. Constitution of limited liability partnership (1) A limited liability partnership shall consist of 2 or more persons associated for carrying on a lawful business. (2) Any individual, body corporate or unincorporated body formed or registered with or without liability in Mauritius or elsewhere, including any société, partnership or any other body of persons, may be a partner of a limited liability partnership. L15A1 – 7 [Issue 9] Limited Liability Partnerships Act (3) The contribution of a partner may be satisfied by the provision of money, loan, any other property or services, and where non-cash contribution is provided, the value of the contribution shall be agreed upon and specified in the partnership agreement.

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