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of <h1>Clause 29: Misrepresenting as an LLP Partner Incurs Liability for Misleading Creditors; Estate Protection for Deceased Partners.</h1> Clause 29 of the Limited Liability Partnership Bill, 2008, addresses the concept of 'holding out.' It stipulates that any individual who falsely represents themselves as a partner in a limited liability partnership (LLP) is liable to any person who extends credit to the LLP based on that representation. If the LLP benefits from such credit, it is also liable to the extent of the credit received. Furthermore, if a partner dies and the business continues using the same LLP name, the deceased partner's estate is not liable for actions of the LLP performed after their death.
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