Labuan Limited Partnerships and Limited Liability Partnerships Act 2010 s 16
s 16 Limited partners’ rights as between themselves
(1) Subject to subsection (2), limited partners, in relation to one another, shall rank—
(a) pari passu in respect of the return of their contributions; and
(b) pro rata to those contributions in respect of profits.
(2) Where there is more than one limited partner, the partnership agreement may provide that one or more of the limited partners is to have greater rights than the other limited partners as to—
(a) the return of contributions;
(b) profits; and
(c) any other matter.
Malay text (authoritative)
Hak pekongsi terhad sesama mereka
(1) Tertakluk pada subseksyen (2), pekongsi-pekongsi terhad, dalam hubungan sesama mereka, hendaklah berperingkat—
(a) pari passu berkenaan dengan pemulangan sumbangan mereka; dan
(b) pro rata dengan sumbangan itu berkenaan dengan keuntungan.
(2) Jika terdapat lebih daripada satu pekongsi terhad, perjanjian perkongsian boleh memperuntukkan bahawa satu pekongsi terhad atau lebih hendaklah mempunyai hak yang lebih besar daripada pekongsi terhad yang lain berkenaan dengan—
(a) pemulangan sumbangan;
(b) keuntungan; dan
(c) apa-apa perkara lain.
Read this section in the full act → · Open Chapter 2 →
Find Act 707 on lom.agc.gov.my ↗
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).
