It created an LLP as a body with legal personality separate from its members (unlike a normal partnership) which is governed under a hybrid system of law partially from company law and partially from partnership law. Unlike normal partnerships the liability of members of LLP on winding up is limited to the amount of capital they contributed to the LLP.
Currently, despite the passing of the Companies Act 2006 and its gradual entry into force, the new law does not apply to LLP's. The commencement orders for the Companies Act 2006 have so far included saving provisions for the provisions of the Companies (Northern Ireland) Order 1986 to remain in force as applied to LLP's.
External linksedit
Text of the Limited Liability Partnerships Act (Northern Ireland) 2002 as in force today (including any amendments) within the United Kingdom, from legislation.gov.uk.
This legislation in the United Kingdom, or its constituent jurisdictions, article is a stub. You can help Wikipedia by expanding it.
limited, liability, partnerships, northern, ireland, 2002, northern, ireland, assembly, which, introduced, concept, limited, liability, partnership, into, northern, irish, passed, years, after, limited, liability, partnerships, 2000, introduced, concept, into,. The Limited Liability Partnerships Act Northern Ireland 2002 is an Act of the Northern Ireland Assembly which introduced the concept of the limited liability partnership into Northern Irish law passed two years after the Limited Liability Partnerships Act 2000 introduced the concept into the law of England and Wales and Scots law Limited Liability Partnerships Act Northern Ireland 2002Northern Ireland AssemblyLong titleAn Act to make provision for limited liability partnershipsCitation2000 c 12 N I Territorial extent Northern IrelandDatesRoyal assent22 November 2002Commencement22 November 2002 partially 13 September 2004 remainder Other legislationRelates to2000 c 22Status RepealedText of statute as originally enactedRevised text of statute as amended It created an LLP as a body with legal personality separate from its members unlike a normal partnership which is governed under a hybrid system of law partially from company law and partially from partnership law Unlike normal partnerships the liability of members of LLP on winding up is limited to the amount of capital they contributed to the LLP Currently despite the passing of the Companies Act 2006 and its gradual entry into force the new law does not apply to LLP s The commencement orders for the Companies Act 2006 have so far included saving provisions for the provisions of the Companies Northern Ireland Order 1986 to remain in force as applied to LLP s External links editText of the Limited Liability Partnerships Act Northern Ireland 2002 as in force today including any amendments within the United Kingdom from legislation gov uk nbsp This legislation in the United Kingdom or its constituent jurisdictions article is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Limited Liability Partnerships Act Northern Ireland 2002 amp oldid 1082751457, wikipedia, wiki, book, books, library,
