LLP asset transfer consideration may be accepted in kind; dissenting partners can require purchase of their interests.

When a voluntary winding up involves transfer or sale of an LLP's business or property to another LLP, the LLP Liquidator, authorised by the requisite partners' resolution, may accept cash or non cash consideration or grant transferor partners participation in the transferee LLP's benefits, subject to consent of secured creditors. Such authorised transfers bind all partners. A partner who formally dissents within seven days may demand purchase of their interest at an agreed price or by valuation; if purchased, the purchase monies must be raised as authorised by partners and paid before dissolution.

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