In case of opposition to the decision of the managing partner on acts of administration, the partners representing the controlling interest may resort to voting for his removal as manager. He can only be removed without just cause by the vote of all partners including the managing partner. The managing partner may execute all acts of administration. He may be removed with just cause by the vote of the partners representing the controlling interest.
In case of opposition to the decision of the managing partner on acts of administration, the partners representing the controlling interest may resort to voting for his removal as manager. He can only be removed without just cause by the vote of all partners including the managing partner. The managing partner may execute all acts of administration. He may be removed with just cause by the vote of the partners representing the controlling interest.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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When a partner has been appointed manager after the
In case of opposition to the decision of the managing partner on acts of administration, the partners representing the controlling interest may resort to voting for his removal as manager.
He can only be removed without just cause by the vote of all partners including the managing partner.
The managing partner may execute all acts of administration.
He may be removed with just cause by the vote of the partners representing the controlling interest.
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