Article 229 — Departure of a Partner from Partnership

1/ A partner shall leave the partnership on the following grounds: a) Unless otherwise provided in the memorandum of association, where the partner of his own will gives in writing to the partnership a three months advance notice indicating his intention to withdraw from the partnership; b) the partner dies, or is dissolved in the case of a legal person; c) the entire share of the partner is taken or is disposed of by his personal creditors, or he is declared bankrupt; d) the partner`s professional license is revoked, or unless otherwise agreed the professional license is suspended for a long period of time; e) the partner becomes permanently incapable of carrying out his duties as a partner due to illness, infirmity or for any other reason; f) a court rules to expel the partner for good cause. 2/ Where a partner leaves the partnership without giving the notice provided under Sub-Article (1) (a) of this Article, he shall be liable to the partnership for the damage caused by his failure. 3/ A partner shall not be relieved from debts and liabilities to third parties in so far as they are incurred prior to his leaving. 4/ The partnership shall cause the departure of a partner to be indicated in the commercial register it was registered in.