Singapore legislation

Clause 30

of Limited Liability Partnerships Bill

Clause 30

Winding up

(1)

The winding up of a limited liability partnership may be either voluntary or by the High Court and, unless inconsistent with the context, the provisions of the Fifth Schedule shall apply to the winding up of a limited liability partnership in either of these modes.

(2)

The provisions of the Fifth Schedule relating to the remedies against the property of a limited liability partnership and the priorities of debts shall bind the Government.