Civil Code Article 708June 19, 2019

In addition to the provisions of Article 686 by which a sleeping partner is entitled to declare his withdrawal, a sleeping partnership is terminated in any of the following cases; "(1) Expiration of the agreed time; "(2) Consent of the parties; "(3) Accomplishment of the enterprise or impossibility of accomplishing; "(4) Death or subject to the order of the commencement of guardianship of the active partner; "(5) Bankruptcy of the sleeping or active partner; "(6) Cessation or transfer of enterprise.

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