Section 762 CAMA 2020

Section 762 Companies and Allied Matters Act is about Relationship of the partners. It is under Chapter 3 (Partners and their relations) of the Act.

(1) Except as otherwise provided by this Act, the mutual rights and duties of the partners of a limited liability partnership, and the mutual rights and duties of a limited liability partnership and its partners, shall be governed by the limited liability partnership agreement between the partners,or between the limited liability partnership and its partners.

(2) The limited liability partnership agreement and any changes, made in it shall be—

(a) filed with the Commission in the form and manner ; and

(b) accompanied by the fees as may be prescribed.

(3) An agreement in writing made before the incorporation of a limited liability partnership between the persons who subscribe their names to the incorporation documents may impose obligations on the limited liability partnership if that agreement is ratified by all the partners after the incorporation of the limited liability partnership.

(4) In the absence of agreement as to any matter, the mutual rights and duties of the partners and the mutual rights and duties of the limited liability partnership and the partners shall be determined by the provisions relating to that matter as are set out in the Fifteenth Schedule.