3. Separate legal personality and capacity

(1) A limited liability partnership is a body corporate and shall have legal personality separate from that of its partners.

(2) A limited liability partnership shall have perpetual succession.

(3) Any change in the partners of a limited liability partnership shall not affect the existence, rights or liabilities of the limited liability partnership.

(4) A limited liability partnership shall have unlimited capacity and shall be capable of-

(a) suing and being sued;

(b) acquiring, owning, holding and developing or disposing of property; and

(c) doing and suffering such other acts and things as bodies corporate may lawfully do and suffer.