Out of the following statements, which are not true in respect of a Limited Liability Partnership?
A. There must be at least one 'Designated member' at all times.
B. Designated members do not have the same rights and duties as any other member.
C. There is no specific requirement to have any non-designated members.
D. A Limited Liability Partnership may be established such that all members are considered to be designated members
Choose the correct answer from the options given below:
1
A, C and D only
2
A and B only
3
B and D only
4
B, C and D only