← belizelaw.ai · Limited Liability Partnership, Cap. 258 · PART V — Dissolution and Winding-Up, etc.

Dissolution upon partnership ceasing to have two or more partners

Cap. 258, s. 22 · Revised Edition 2020

(1) Notwithstanding any provision, express or implied in the partnership agreement to the contrary, a limited liability partnership shall be dissolved upon there ceasing to be two or more partners in the partnership. (2) Where the person responsible for winding-up the affairs of the limited liability partnership is the person who, at the time of dissolution, was the last remaining partner he shall, within twenty-eight days after the dissolution, deliver a statement of dissolution signed by him to the Registrar. (3) Where the person responsible for winding-up the affairs of the limited liability partnership is not the person described in sub-section (2), he shall, within twenty-eight days after the day on which he becomes the person so responsible, deliver a statement of dissolution signed by him to the Registrar. (4) Upon delivery to him of a statement under sub-section (2) or (3), the Registrar shall register the statement and issue a certificate of dissolution. (5) If default is made in compliance with sub-section (2), the person described in that sub-section commits an offence. (6) If default is made in compliance with sub-section (3), the person responsible for winding-up the affairs of the partnership commits an offence.
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Dissolution upon partnership ceasing to have two or more partners — Cap. 258 s. 22 · Belize Law