Partner eligibility in limited liability partnerships: incapacity or unresolved insolvency bars an individual from becoming a partner. Any individual or body corporate may be a partner in a limited liability partnership, except that an individual is disqualified if found to be of unsound ... Summary
Partner eligibility in limited liability partnerships: incapacity or unresolved insolvency bars an individual from becoming a partner.
Any individual or body corporate may be a partner in a limited liability partnership, except that an individual is disqualified if found to be of unsound mind by a competent court while the finding is in force, if he is an undischarged insolvent, or if he has applied for adjudication as an insolvent and that application is pending.
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