Article 549 — Liability of Partners

1/ the conversion of a firm shall not discharge partners with unlimited liability of their liability for undertakings entered into by the firm prior to the registration of the decision of conversion in the commercial register, unless it is proven that the creditors have approved the conversion. 2/ where a share company, private limited company or one person private limited company is converted into a partnership, the partners shall not be personally liable for debts incurred by the organization before the conversion. 3/ Approval of conversion shall be presumed where creditors have been informed of the decision of conversion by registered letter or an electronic means they had chosen, and have not expressly objected to the conversion in writing within thirty days from the date of the dispatch of such notification.