Singapore legislation
Clause 12
Clause 12
Bankruptcy of partner
Unless otherwise provided in the limited liability partnership agreement, if a partner of a limited liability partnership is adjudicated a bankrupt by a court in Singapore or elsewhere —
his bankruptcy shall not by itself cause him to cease being a partner of the limited liability partnership, but the restriction on him being a manager of the limited liability partnership under section 33 applies; and (b)the Official Assignee or trustee of the estate of the bankrupt partner shall not interfere in the management of the limited liability partnership but shall be entitled to receive distributions from the limited liability partnership that the bankrupt partner is entitled to receive under the limited liability partnership agreement.