A partner may not assign, sell, or pledge their shares in the professional company except with the approval of the majority of the partners.
Interpretation and application must be checked against the official text and current version.
+7 (495) 221 31 46Discuss a matterUAE Civil Transactions Law
Article 649
Book Two: Nominate Contracts · Section One: Contracts of Transfer of Ownership · Chapter Five: Company Contract · Part Three: The Professional Company · First: Definition and Conditions of a Professional Company