Section 776 applies to LLPs, modified so that it reads as follows -

"776. Duty of LLP as to issue of certificates etc on transfer

(1) An LLP must, within two months after the date on which a transfer of any of its debentures or debenture stock is lodged with the LLP, complete and have ready for delivery -

(a) the debentures transferred, or

(b) the certificates of the debenture stock transferred.

(2) For this purpose a "transfer" means -

(a) a transfer duly stamped and otherwise valid, or

(b) an exempt transfer within the Stock Transfer Act 1982 (c. 41),

but does not include a transfer that the LLP is for any reason entitled to refuse to register and does not register.

(3) Subsection (1) does not apply -

(a) if the conditions of issue of the debentures or debenture stock provide otherwise, or

(b) in the case of a transfer to a financial institution (see section 778).

(4) If default is made in complying with subsection (1) an offence is committed by every member of the LLP who is in default.