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Cap. 16 · Civil Code (Cap. 16)

Cap. 16 Art. 1686Validity of agreement to prevent dissolution.

Sub-title IV

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Nevertheless, an agreement is valid whereby the partners reserve to themselves the power to oppose the dissolution demanded by any of them, by releasing him from all his engagements towards the partnership or towards third parties, and paying to him a fixed sum, or the amount of his shares, if the partnership is divided into shares.