Article 1856

RA 386 · Civil Code of the PhilippinesKey provision

ELI5— what this means for you

A limited partner may receive from the partnership the share of the profits or the compensation by way of income stipulated for in the certificate.

Official text — RA 386

A limited partner may receive from the partnership the share of the profits or the compensation by way of income stipulated for in the certificate; provided, that after such payment is made, whether from property of the partnership or that of a general partner, the partnership assets are in excess of all liabilities of the partnership except liabilities to limited partners on account of their contributions and to general partners.

Source: lawphil.net (RA 386 as amended)

← Article 1855 All articles Article 1857 →

Civil Code — All Articles →Family Code of the Philippines →Labor Code of the Philippines →All Philippine Laws →

RELATED RIGHTS

Civil Law

Article 1 — Civil Code

Civil Law

Article 2 — Unpublished laws cannot be enforced against citizens.

Legal disclaimer: BatasKo provides general legal information, not legal advice. For advice on contracts, property rights, obligations, or civil damages, consult a licensed Filipino lawyer or the Public Attorney's Office (PAO) at pao.gov.ph.

Related