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of <h1>Section 29: Liability for Misrepresentation as LLP Partner and Impact on Deceased Partner's Estate Explained</h1> Section 29 of the Limited Liability Partnership Act, 2008, addresses the concept of 'holding out.' It states that any individual who represents themselves, or allows themselves to be represented, as a partner in a limited liability partnership (LLP) is liable to anyone who extends credit to the LLP based on that representation. If the LLP receives credit due to such representation, it is liable to the extent of the credit or financial benefit received. Additionally, if a partner dies and the business continues under the same LLP name, the deceased partner's estate is not liable for subsequent LLP actions.
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