1. Where no provision is made in the MOA of the General Partnership or the Limited Partnership for it to continue with the remaining partners after the withdrawal or death of a partner or issuance of a judgment of interdiction or declaring his bankruptcy or insolvency, the partners may, within 60 days of the date of occurrence of any of the above events, resolve unanimously to continue the Company between themselves. The partners shall register their agreement with the Competent Authority within the above-mentioned 60-day time limit. 2. If the Company continues with the remaining partners, the share of the withdrawing partner shall be assessed according to the most recent inventory, unless the MOA of the Company provides for another method of valuation. The exiting partner or his heirs shall have no share in any new equity of the Company save to the extent that it arises from transactions which preceded his exit from the Company.
Interpretation and application must be checked against the official text and current version.