Section 33: Obligation to contribute

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The Limited Liability Partnership Act, 2008

Chapter-VI
Contributions

Section 33: Obligation to contribute

33. (1) The obligation of a partner to contribute money or other property or other benefit or to perform services for a limited liability partnership shall be as per the limited liability partnership agreement.

(2) A creditor of a limited liability partnership, which extends credit or otherwise acts in reliance on an obligation described in that agreement, without notice of any compromise between partners, may enforce the original obligation against such partner.


 

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