Mera Samvidhaan All of Limited Liability Partnership Act, 2008

Chapter VI · Contributions

33Obligation to contribute.

Section 33 · Chapter VI · page 15 of the Act

(1) The obligation of a partner to contribute money or other property or other benefit or to perform services for a limited liability partnership shall be as per the limited liability partnership agreement.

(2) A creditor of a limited liability partnership, which extends credit or otherwise acts in reliance on an obligation described in that agreement, without notice of any compromise between partners, may enforce the original obligation against such partner.

Section 33 of The Limited Liability Partnership Act, 2008 is reproduced in full above, as printed by India Code, with its footnotes and amendment markers. Read the whole Act, or browse every Act on Mera Samvidhaan.