Companies Law

1. A limited partner may assign all or part of his interests to other partners in the company. 2. A limited partner may assign all or part of his interests to non-partners upon the approval of general partners and the limited partners owning majority interests in the capital, unless the company’s articles of incorporation stipulate otherwise. 3. A general partner may assign all or part of his interests to a limited partner or non-partner in accordance with paragraph (2) of this Article. 4. If a limited partner fails to provide his interests in the company’s capital on the due date prior to the assignment of said interests, the assignee shall be liable for providing the same. Companies Law 5. General or limited partners may join a company upon the approval of all general partners; the approval of limited partners shall not be required, unless the company’s articles of incorporation stipulate otherwise. Chapter 4: Termination of a Limited Partnership