alleryStart learning →Which event makes a person cease to be an LLP partner?
ATaking a long-term foreign posting
BChange of his residential address
CBeing declared of unsound mind
DReaching the age of sixty years
Answer & Solution
Correct answer: C. Being declared of unsound mind
A person ceases to be a partner on death, if declared of unsound mind by a competent court, or on insolvency steps.
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