Distribution of property of llp

DK (Querist) 13 March 2015 This query is : Resolved
Can the property of an LLP be distributed among the partners?

Say, 2 people are joint owners of a land and they want to transfer it to an LLP so as to not give away their rights in the land.
How can the land be distributed among them on dissolution of the LLP.

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Guest (Expert) 15 March 2015
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