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designated member

Translation
designated member
United Kingdom
In relation to a limited liability partnership, a member specified as such in the incorporation document or otherwise in accordance with an agreement with the other members, as required under the Limited Liability Partnership Act 2000. Designated members perform certain duties in relation to the legal administration of an LLP that would, for a company, be performed by the secretary or directors. If there would otherwise be no designated members, or only one, all members are deemed to be designated members.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

  
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