The company shall continue to operate in spite of the death of a limited partner. In the event it is provided that despite the death of one of the general partners, the company continues with his heirs, the latter shall become limited partners when they are unemancipated minors.
Where the deceased partner was the sole general partner and if his heirs are then unemancipated minors, he shall be replaced by a new general partner, or the company shall be transformed within a period of one (1) year from the death.
Failing this, the company is automatically dissolved at the expiration of the deadline prescribed in the preceding paragraph.
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 88
The document's transcription was spot-checked against the supplied source; this does not confirm a line-by-line review of every provision.
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Section 308 of the Acte uniforme révisé relatif au droit des sociétés commerciales et du groupement d'intérêt économique/akn/ohada/act/loi/2014-01-30/auscgie-2014
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