Limited liability partnership capacity to sue, hold property and exercise corporate powers upon registration and enter into transactions.

Registration confers on a limited liability partnership the legal capacity to act as a corporate entity: it may sue and be sued, acquire, own, hold, develop and dispose of movable and immovable property (tangible or intangible), have a common seal if elected, and perform and endure such acts and things as bodies corporate lawfully may perform and endure.

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