Partnership shares may be transferred only with the consent of all the partners.
However, the Articles of Association may stipulate:
1°) that the shares held by the sleeping partners shall freely be transferable between partners;
2°) that the shares held by sleeping partners may be transferred to third parties outside the
sleeping partnership with the consent of all the active partners and by a majority in number
and capital of the sleeping partners;
3°) that an active partner may transfer part of his shares to a sleeping partner or to a third party
outside the partnership with the consent of all the active partners and the majority in number
and capital of the sleeping partners.
Official translation
Spot-checked
In force from 17 April 1997
Source page 72