P.R. Laws tit. 31, § 4397

2019-02-20 00:00:00+00
§ 4397. Withdrawal in bad faith; inopportune time

A withdrawal is in bad faith when the person who makes it proposes to appropriate to himself alone the benefits which should be common. In such case the person who renounces it does not free himself from liability to his partners, and they shall have the power to exclude him from the partnership.

A withdrawal shall be presumed as not made at the proper time when, the things not being integral, the partnership is interested in delaying its dissolution. In such case the partnership shall continue until the conclusion of the pending transactions.

History —Civil Code, 1930, § 1597.