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Cap. 16 · Civil Code (Cap. 16)

Cap. 16 Art. 1672Joint management.

Sub-title II

In forceOfficial text

Where it has been stipulated that one of the managing partners cannot do anything without the other, one of them alone cannot act without the other without a new agreement, even though the latter be in the actual impossibility of taking part in the acts of management, unless the matter is urgent and such that if the act is omitted a serious and irreparable loss to the partnership might ensue.