Article 1860

RA 386 · Civil Code of the Philippines

ELI5— what this means for you

The retirement, death, insolvency, insanity or civil interdiction of a general partner dissolves the partnership, unless the business is continued by the remaining general partners:

Official text — RA 386

The retirement, death, insolvency, insanity or civil interdiction of a general partner dissolves the partnership, unless the business is continued by the remaining general partners:

(1) Under a right so to do stated in the certificate, or

(2) With the consent of all members.

Source: lawphil.net (RA 386 as amended)

← Article 1859 All articles Article 1861 →

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Article 2 — Unpublished laws cannot be enforced against citizens.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