Article 15 - Designated Members
(1) If the
Incorporation Document specifies who are to be the Designated Members:
(A) they are
Designated Members on incorporation; and
Member may become a Designated Member by or in accordance with an agreement with the other Members
Member may cease to be a Designated Member in accordance with an agreement with the other Members.
(2) If there would otherwise be no
Designated Members, or only one, every Member is a Designated Member.
(3) If the
Incorporation Document states that every person who from time to time is a Member of the Limited Liability Partnership is a Designated Member, every Member is a Designated Member.
Limited Liability Partnership may at any time deliver to the CRO:
(A) notice that specified
Members are to be Designated Members; or
(B) notice that every person who from time to time is a
Member of a Limited Liability Partnership is a Designated Member
and, once it is delivered, Article 15(1) (apart from Article 15(1)(A)), Article 15(2), and Article 15(3) shall have effect as if that were stated in the
(5) A notice delivered under Article 15(4):
(A) shall be in a form approved by the
(B) shall be signed by a
Designated Member of the Limited Liability Partnership or authenticated in a manner approved by the CRO.
(6) A person ceases to be a
Designated Member if he ceases to be a Member.