juris

Section 52: Rights of partners to partnership property

Limited Liability Partnerships Act · PART IX: APPLICATION OF THE INSOLVENCY ACT AND DISSOLUTION 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.

52. Rights of partners to partnership property On the dissolution of a limited liability partnership, every partner shall be entitled, as against the other partners and all persons claiming through them in respect of their interests as partners— (a) to have the property of the limited liability partnership applied in payment of the partnership’s debts; and (b) thereafter, to have the surplus assets applied in payment of what is respectively due to the partners after deducting what is respectively owed to the limited liability partnership.

Ask juris about this section Official source