LLP liquidator duties require approval from partners or creditors and maintenance of accounts while paying debts. The LLP Liquidator must perform functions and duties as determined by the LLP or its creditors, settle a prima facie list of creditors or partners, obtain ... Summary
LLP liquidator duties require approval from partners or creditors and maintenance of accounts while paying debts.
The LLP Liquidator must perform functions and duties as determined by the LLP or its creditors, settle a prima facie list of creditors or partners, obtain approvals of partners or creditors as necessary, maintain regular proper books of accounts for inspection, pay the LLP's debts and adjust partners' rights, and observe due care and diligence in discharging duties.
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