Commercial Companies Law

Commercial Companies Law — Article 66

Shares in a general partnership shall not be assigned except with the approval of all the partners and subject to the restrictions set out in the Constitutive Documents. Any agreement which approves unconditional assignment shall be considered null and void. However, the partner may assign to a third party the rights connected with his/her share in the company and such agreement shall not have any effect except between the parties thereto.

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