708. Registration of transfer

(1) An LLP may not register a transfer of debentures of the LLP unless —
(a) a proper instrument of transfer has been delivered to it, or
(b) the transfer is in accordance with rules made under Chapter 2 of this Part.
(2) Subsection (1) does not affect any power of the LLP to register as debenture holder a person to whom the right to any debentures of the LLP has been transmitted by operation of law.