TMI BlogCessation of partnership interestX X X X Extracts X X X X X X X X Extracts X X X X ..... er, by giving a notice in writing of not less than thirty days to the other partners of his intention to resign as partner. (2) A person shall cease to be a partner of a limited liability partnership- (a) on his death or dissolution of the limited liability partnership; or (b) if he is declared to be of unsound mind by a competent court; or (c) if he has applied to be adjudged as an insolvent or d ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... son which he incurred while being a partner. (5) Where a partner of a limited liability partnership ceases to be a partner, unless otherwise provided in the limited liability partnership agreement, the former partner or a person entitled to his share in consequence of the death or insolvency of the former partner, shall be entitled to receive from the limited liability partnership - (a) an amount ..... X X X X Extracts X X X X X X X X Extracts X X X X
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