A company shall be dissolved upon the death of a partner, their interdiction, their insolvency, or their bankruptcy, with due regard to the following: 1. It may be agreed that, upon the death of any partner, the company shall continue with their heirs, even if they are minors, unless the law provides otherwise. 2. It may be agreed that the company shall continue among the remaining partners if one of them dies, is placed under interdiction, becomes insolvent, or is declared bankrupt. In such a case, this partner or their heirs shall only be entitled to their share in the company's assets. Such share shall be valued according to its value on the date of occurrence of the event that led to their exit from the company and shall be paid in cash. They shall have no share in any subsequent rights arising thereafter, except to the extent that such rights result from transactions prior to that event.
Interpretation and application must be checked against the official text and current version.