https://www.taxtmi.com/article/detailed?id=712 Section 28 limits personal liability of an LLP partner to his own wrongful acts or omissions and excludes personal liability solely for being a partner, with an exception for acts done to defraud creditors. Section 27 binds the LLP for acts by partners within authority and makes both LLP and the acting partner liable for wrongful acts; where a partner exceeds authority and the third party knows, LLP is not bound. Section 29 imposes liability for "holding out" on persons represented as partners and makes the LLP liable for credit received or benefits derived, while continued use of a deceased partner's name does not alone impose post death liability on the estate. en-us Wed, 10 Mar 2010 00:00:00 +0530 Sun, 15 Aug 2010 23:15:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=712 Section 28 limits personal liability of an LLP partner to his own wrongful acts or omissions and excludes personal liability solely for being a partner, with an exception for acts done to defraud creditors. Section 27 binds the LLP for acts by partners within authority and makes both LLP and the acting partner liable for wrongful acts; where a partner exceeds authority and the third party knows, LLP is not bound. Section 29 imposes liability for "holding out" on persons represented as partners and makes the LLP liable for credit received or benefits derived, while continued use of a deceased partner's name does not alone impose post death liability on the estate. Articles Limited Liability Partnership - LLP Wed, 10 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=712