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of <h1>LLP Gains Legal Capacity to Sue, Own Property, and Perform Lawful Acts Upon Registration Under Section [Relevant Section]</h1> On registration, a limited liability partnership (LLP) gains the capacity to sue and be sued under its name. It can acquire, own, hold, develop, or dispose of both movable and immovable property, whether tangible or intangible. The LLP may choose to have a common seal and can perform any lawful acts or activities that corporate bodies are permitted to undertake.
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