Labuan Limited Partnerships and Limited Liability Partnerships Act 2010 s 55
s 55 Separate legal personality
(1) A Labuan limited liability partnership formed by being registered under this Act is a body corporate and has legal personality separate from that of its partners.
(2) A Labuan limited liability partnership shall have perpetual succession.
(3) A Labuan limited liability partnership shall have all the powers of a natural person.
(4) A Labuan limited liability partnership shall, by its name, be capable of—
(a) suing and being sued;
(b) acquiring, owning, holding and developing or disposing of property, both movable and immovable; and
(c) having a common seal.
(5) Any change in the partners of a Labuan limited liability partnership shall not affect the existence, rights or liabilities of the Labuan limited liability partnership.
Malay text (authoritative)
Keperibadian undang-undang yang berasingan
(1) Sesuatu perkongsian liabiliti terhad Labuan yang dibentuk melalui pendaftaran di bawah Akta ini merupakan suatu pertubuhan perbadanan dan mempunyai keperibadian undang-undang yang berasingan daripada pekongsinya.
(2) Sesuatu perkongsian liabiliti terhad Labuan adalah kekal turun-temurun.
(3) Sesuatu perkongsian liabiliti terhad Labuan hendaklah mempunyai semua kuasa orang sebenar.
(4) Sesuatu perkongsian liabiliti terhad Labuan hendaklah, dengan namanya, berupaya untuk—
(a) membawa guaman dan dibawa guaman terhadapnya;
(b) memperoleh, memiliki, memegang dan membangunkan atau melupuskan harta, kedua-dua harta alih dan tak alih; dan
(c) mempunyai meterai perbadanan.
(5) Apa-apa perubahan dalam pekongsi perkongsian liabiliti terhad Labuan tidak akan menjejaskan kewujudan, hak atau liabiliti perkongsian liabiliti terhad Labuan itu.
Read this section in the full act → · Open Chapter 4 →
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).
