Labuan Limited Partnerships and Limited Liability Partnerships Act 2010 s 12
Labuan Limited Partnerships and Limited Liability Partnerships Act 2010 s 12
s 12 Enforcement of judgments against property of Labuan limited partnership
(1) Subject to subsection (3), no judgment shall be enforced against a property of a Labuan limited partnership unless the judgment has been granted against a general partner in that partner’s capacity as a general partner of that Labuan limited partnership.
(2) Creditors of a general partner or a limited partner, in that partner’s capacity other than as a general partner or a limited partner of the Labuan limited partnership, shall have no claim against the property of that Labuan limited partnership.
(3) Nothing in subsection (1) shall preclude the enforcement of an order of the court relating to the property of a Labuan limited partnership in any case where, by reason of any of the events mentioned in paragraph 26(1)(a) or (b), a judgment could not be granted against a general partner in that partner’s capacity as a general partner of that Labuan limited partnership.
Malay text (authoritative)
Penguatkuasaan penghakiman terhadap harta perkongsian terhad Labuan
(1) Tertakluk pada subseksyen (3), tiada penghakiman boleh dikuatkuasakan terhadap sesuatu harta perkongsian terhad Labuan melainkan jika penghakiman itu telah diberikan terhadap seorang pekongsi am atas sifatnya sebagai seorang pekongsi am perkongsian terhad Labuan itu.
(2) Pemiutang bagi seseorang pekongsi am atau pekongsi terhad, atas sifat pekongsi itu selain sebagai pekongsi am atau pekongsi terhad perkongsian terhad Labuan, tidak boleh membuat tuntutan terhadap harta perkongsian terhad Labuan itu.
(3) Tiada apa-apa jua dalam subseksyen (1) boleh menghalang penguatkuasaan sesuatu perintah mahkamah yang berhubungan dengan harta sesuatu perkongsian terhad Labuan dalam apa-apa hal jika, oleh sebab mana-mana perkara yang disebut dalam perenggan 26(1)(a) atau (b), suatu penghakiman tidak boleh diberikan terhadap pekongsi am atas sifatnya sebagai pekongsi am bagi perkongsian terhad Labuan itu.
Text as at 1 July 2023 (LOM reprint); amendments made after that date may not be incorporated.
Source: Laws of Malaysia, Attorney General's Chambers of Malaysia (lom.agc.gov.my). Not a copy of the Gazette printed by the Government Printer (Interpretation Acts 1948 and 1967, s 61).
