Legal Services Regulation Act 2015
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Ceasing to operate as a limited liability partnership | ||
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129. (1) Where a limited liability partnership intends to cease operating as a limited liability partnership it shall notify the Authority in writing of its intention and the date on which it intends to cease to so operate. | ||
(2) An authorisation issued to a limited liability partnership under section 125 shall stand revoked from such date as is specified in a notification given to the Authority in accordance with subsection (1). | ||
(3) An authorisation issued to a limited liability partnership under section 125 shall stand revoked from such date as the limited liability partnership ceases to have professional indemnity insurance in place as required by that section. | ||
(4) A notification under subsection (1) shall be in such form and accompanied by such fee (if any) as may be prescribed by regulations made under section 130 . |