P.R. Laws tit. 10, § 1368

2019-02-20 00:00:00+00
§ 1368. Improper use of right to manage

When the special power to manage and to use the signature of the copartnership has been conferred in a special condition of the articles of copartnership, the person who obtains the same cannot be deprived thereof; but should the latter make an improper use of said power, and his management cause serious damage to the common capital, the rest of the partners may appoint from among themselves a comanager to take part in all transactions, or they may request the rescission of the articles before the judge or court of competent jursidiction, who shall declare them annulled should such damage be proven.

History —Commerce Code, 1932, § 109.