Limited Liability Partnerships Order, 2010 · s 13

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s 13Bankruptcy of partner

Unless otherwise provided in the limited liability partnership agreement, if a partner of a limited liability partnership is adjudged a bankrupt in Brunei

Darussalam or elsewhere -

(a}

his bankruptcy shall not by itself cause him to cease being a partner of the limited liability partnership, but the restriction on him being a manager of the limited liability partnership under section 34 applies; and

(b)

the Official Receiver or trustee of the estate of the bankrupt partner shall not interfere in the management of the limited liability partnership, but shall be entitled to receive distributions from the partnership that the bankrupt partner is entitled to receive under the limited liability partnership agreement.