Commercial Companies Law

Article 307 — Article (307) Death or Withdrawal of Partner of a Limited Liability Company

Part Eight: Termination of the Company's MOA · Chapter One: Reasons for Termination of Companies

The death of a partner in a Limited Liability Company or his withdrawal by a judgment of interdiction or declaring his bankruptcy or insolvency shall not lead to its dissolution unless so provided for in the Company's MOA. The share of the partner shall be transferred to his heirs and a legatee shall be considered an heir.

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