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← Limited Liability Partnerships Act 2005

Limited Liability Partnerships Act 2005 s 28

s 28 Minimum of 2 partners

28.—(1) Every limited liability partnership must have at least 2 partners. (2) If a limited liability partnership carries on business with fewer than 2 partners for a period of more than 2 years, a person is (despite section 12(1) and (2)) personally liable, jointly and severally with the limited liability partnership, for any obligation of the limited liability partnership incurred during the period that the limited liability partnership so carries on business after those 2 years if, at the time the obligation was incurred, the person —(a) was a partner of the limited liability partnership; and (b) knew that the limited liability partnership was carrying on business with fewer than 2 partners for a period of more than 2 years.[22

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Source: Singapore Statutes Online (Attorney-General's Chambers), © Government of Singapore.

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