Labuan Limited Partnerships and Limited Liability Partnerships Act 2010 s 15
Labuan Limited Partnerships and Limited Liability Partnerships Act 2010 s 15
s 15 Dealings by limited partner with Labuan limited partnership
(1) A limited partner may lend money to, borrow money from and enter into transactions with, the general partner on behalf of the Labuan limited partnership.
(2) Except where the limited partner is also a general partner, a limited partner having, with respect to anything done under subsection (1), a claim against the assets of the Labuan limited partnership shall rank as a creditor of the Labuan limited partnership in respect of such claim.
(3) For the purposes of this section, a claim under subsection (2) does not include a claim for a return of capital contributions.
Malay text (authoritative)
Urusan oleh pekongsi terhad dengan perkongsian terhad Labuan
(1) Seseorang pekongsi terhad boleh meminjamkan wang kepada, meminjam wang daripada dan membuat transaksi dengan, pekongsi am bagi pihak perkongsian terhad Labuan.
(2) Kecuali jika pekongsi terhad juga merupakan seorang pekongsi am, seseorang pekongsi terhad yang mempunyai, berkenaan dengan apa-apa jua yang dilakukan di bawah subseksyen (1), tuntutan terhadap aset perkongsian terhad Labuan hendaklah berperingkat sebagai pemiutang kepada perkongsian terhad Labuan berkenaan dengan tuntutan itu.
(3) Bagi maksud seksyen ini, tuntutan di bawah subseksyen (2) tidaklah termasuk suatu tuntutan bagi pemulangan sumbangan modal.
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).
