Civil Code Article 554June 19, 2019

As regard to third parties, a manager is deemed to have a power to do whatever is necessary for the management of the firm, or branch, or line of business authorized to him.

However, the manager shall not sell or buy or create a right in rem over real property, unless he has been authorized in written form.

The limitation with regard to the buying or selling real property specified in the preceding paragraph shall not apply to a manager of a firm which is on business of buying or selling real property.

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