1. If a partner in a professional company loses their license to practice the profession on a permanent basis, they shall be deemed to have withdrawn from the professional company by operation of law, while retaining their share of the proceeds of the contracts concluded with the clients of the professional company until the issuance of the financial statements for the fiscal year following the loss of such license. 2. If one of the founding partners or shareholders in the professional company dies, or a judgment is rendered declaring their insolvency or bankruptcy, the professional company shall continue to exist among the remaining partners. The share of the partner shall devolve to their heirs after its valuation on the date of death, and the heirs shall also be entitled to any rights accruing to the company, if they result from contracts concluded prior to the death of their decedent, and up to a maximum of the issuance of the financial statements for the fiscal year following the date of death. 3. It may be provided in the articles of association of the professional company or in a special agreement between the heirs of the partner and the remaining partners in the professional company that one of the heirs shall replace the decedent in their share in the professional company, unless there is a provision that prevents it.
Interpretation and application must be checked against the official text and current version.