partnerships
LexInter | December 25, 2007 | 0 Comments

PARTNERSHIPS

In a society of people, consideration of the person (the intuitus personae) is fundamental.

Company shares cannot be represented by negotiable securities, they can only be transferred with the unanimous consent of the partners and any clause to the contrary is void.

The credit of the company is directly tied to that of the partners, who are indefinitely responsible for the debt of the company. In professional civil societies, this responsibility is also joint and several.

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