Book III: Different ways of acquiring property

In dealings with third parties, the managing partner binds the company by acts falling within the corporate purpose. If there is more than one managing partner, they hold the powers provided for in the previous paragraph separately. Opposition by one manager to the acts of another manager is without effect with regard to third parties, unless it is established that they had knowledge thereof. Clauses in the articles of association…

Each manager is individually liable to the company and to third parties, either for breaches of laws and regulations, or for breaches of the Articles of Association, or for faults committed in his management. If several managers have participated in the same acts, they are jointly and severally liable to third parties and to the partners. However, in their relations with each other, the court determines the contributory share of…

Unless otherwise provided for in the Articles of Association, the Executive Chairman may be dismissed by a decision of the shareholders representing more than half of the shares. If dismissal is decided without just cause, it may give rise to damages. The managing partner may also be dismissed by the courts for just cause, at the request of any partner. Unless otherwise stipulated, the dismissal of a managing partner, whether…