https://www.taxtmi.com/acts?id=13313 Subject to the Act and rules on overriding preferential payments, an LLP's assets on winding up are applied to satisfy liabilities pari passu and, unless the LLP agreement otherwise provides, remaining assets are distributed among partners according to their rights and interests in the LLP. en-us Thu, 26 May 2011 11:54:41 +0530 Thu, 26 May 2011 16:40:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=13313 Subject to the Act and rules on overriding preferential payments, an LLP's assets on winding up are applied to satisfy liabilities pari passu and, unless the LLP agreement otherwise provides, remaining assets are distributed among partners according to their rights and interests in the LLP. Act-Rules LLP Thu, 26 May 2011 11:54:41 +0530 https://www.taxtmi.com/acts?id=13313