English
1/ Without prejudice to the general provisions of this
Book, a partnership may be dissolved on one of the
following grounds:
a) where a partnership is established for an undefined
period or for the life of one of the partners, or the
right to dissolve on notice is provided in the
memorandum of association, every partner may
bring about its dissolution by giving in good faith
six months advance notice;
b) A partner is incapable of carrying out his duties in
the partnership due to infirmity or illness or any
other reason;
c) a disagreement occurs among the partners
precluding them from acting together;
d) A partner dies or is declared bankrupt by the court
or loses legal capacity to be a partner;
e) where the personal creditors of a partner cause his
entire share to be disposed of or the remaining
partners do not agree to his continuation as a
partner with the reminder of his share.
2/ Notwithstanding the provisions of Sub-Article
(1) of
this Article, the partnership may continue to exist
where:
a) a partner gives notice to dissolve and the
remaining partners pay out his share to such
partner and agree to continue the partnership as
between them; or
b) the remaining partners agree to continue the
partnership by paying out the share of the
deceased partner to his heirs or tutor of the
incapable partner or trustee of the bankrupt
partner.
