Section 29:
Holding out.
(1) Any person, who by words spoken or written or by conduct, represents
himself, or knowingly permits himself to be represented to be a partner in a limited liability partnership is
liable to any person who has on the faith of any such representation given credit to the limited liability
partnership, whether the person representing himself or represented to be a partner does or does not know
that the representation has reached the person so giving credit:
Provided that where any credit is received by the limited liability partnership as a result of such
representation, the limited liability partnership shall, without prejudice to the liability of the person so
representing himself or represented to be a partner, be liable to the extent of credit received by it or any
financial benefit derived thereon.
(2) Where after a partner's death the business is continued in the same limited liability partnership
name, the continued use of that name or of the deceased partner's name as a part thereof shall not of itself
make his legal representative or his estate liable for any act of the limited liability partnership done after
his death.