Limited Liability Partnerships Act 2000

8 Designated members.E+W+S

This adran has no associated Nodiadau Esboniadol

(1)If the incorporation document specifies who are to be designated members—

(a)they are designated members on incorporation, and

(b)any member may become a designated member by and in accordance with an agreement with the other members,

and a member may cease to be a designated member in accordance with an agreement with the other members.

(2)But if there would otherwise be no designated members, or only one, every member is a designated member.

(3)If the incorporation document states that every person who from time to time is a member of the limited liability partnership is a designated member, every member is a designated member.

(4)A limited liability partnership may at any time deliver to the registrar—

(a)notice that specified members are to be designated members, or

(b)notice that every person who from time to time is a member of the limited liability partnership is a designated member,

and, once it is delivered, subsection (1) (apart from paragraph (a)) and subsection (2), or subsection (3), shall have effect as if that were stated in the incorporation document.

F1(5). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(6)A person ceases to be a designated member if he ceases to be a member.

Textual Amendments