You are on page 1of 1

Article 1798

By common consent,
the partners may intrust
the designation of their
shares on profits and losses
to third person.
Such
designation
may be impugned only
when it is
manifestly inequitable
The designation
though inequitable
or
unreasonable
could no longer be impugned
by a partner, if
a) He has begun to
execute the decision
of the third person
b) He
has
not
questioned
the
decision
within three months
from the time
he has knowledge of
it
or discovery
Article 1799
A stipulation
which excludes
one or more partners
from any share

in the profits or losses


is void.

Article 1800
The partner who
has been appointed manager
in the articles of partnership
may execute
all acts of administration
despite the opposition
of his partners,
unless he should act
in bad faith;
and his power is irrevocable
without just or lawful cause.
The vote
of the partners
representing
the controlling interest
shall be necessary for such
revocation of power.
A power granted
after the partnership
has been constituted
may be revoked at any time.

You might also like