Article 67. The Rights and Duties of a Participant in a Business Partnership and Association

1. Apart from the rights envisaged for participants in corporation by Item 1 of Article 65.2 of the present Code a participant in a business partnership or association has also the right of:
participating in the distribution of the profit of the partnership or association whose participant he is;
receiving in the event of liquidation of the partnership or association a part of the property that has remained after accounts have been settled with creditors or the value thereof;
demanding that another participant be expelled from the partnership or association (except for public joint stock companies) in a judicial procedure as involving the disbursement thereto of the actual value of his stake if such participant has caused by his actions (omissions) substantial harm to the partnership or association or is otherwise substantially impeding its activities and the attainment of the objectives for the sake of which it has been formed, for instance by grossly violating his duties envisaged by a law or the constitutive documents of the partnership or association. The waiver of that right or restrictions on it are null and void.
Participants in business partnerships or associations may also have the other rights envisaged by the present Code, laws on business associations, the constitutive documents of the partnership or association.
2. Apart from the duties envisaged for participants in corporations by Item 4 of Article 65.2 of the present Code a participant in a business partnership or association shall make contributions into the charter (contributed) capital of the partnership or association whose member he is, in the procedure, in the amounts and by the methods which are envisaged by the constitutive document of the business partnership or association, and contributions into the other property of the business partnership or association.
Participants in business partnerships and associations may also have the other duties envisaged by a law or their constitutive documents.

Комментариев нет:

Отправить комментарий

Примечание. Отправлять комментарии могут только участники этого блога.