Labuan Limited Partnerships and Limited Liability Partnerships Act 2010 s 25
s 25 Dissolution of Labuan limited partnership
(1) In the event of the dissolution of a Labuan limited partnership, its affairs shall be wound up by the general partners unless the activities of the Labuan limited partnership are taken over and continued in accordance with subsection 26(2) or unless the court otherwise directs under subsection 27(2).
(2) If the affairs of the Labuan limited partnership are not wound up by the general partners after its dissolution, each of the general partners commits an offence and shall, on conviction, be liable to a fine not exceeding ten thousand ringgit.
Malay text (authoritative)
Pembubaran perkongsian terhad Labuan
(1) Jika berlaku pembubaran sesuatu perkongsian terhad Labuan, hal-ehwalnya hendaklah digulung oleh pekongsi am melainkan jika aktiviti perkongsian terhad Labuan itu telah diambil alih dan diteruskan mengikut subseksyen 26(2) atau melainkan jika mahkamah mengarahkan selainnya di bawah subseksyen 27(2).
(2) Jika hal-ehwal perkongsian terhad Labuan tidak digulung oleh pekongsi am selepas pembubarannya, setiap pekongsi am itu melakukan suatu kesalahan dan boleh, apabila disabitkan, didenda tidak melebihi sepuluh ribu ringgit.
Read this section in the full act β Β· Open Chapter 3 β
Find Act 707 on lom.agc.gov.my β
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).
