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Art. 1810.

The property rights of 3 p3rtner 3re:


(1) His rights in specific p3rtnership property;
(2) His interest in the p3rtnership; 3nd
(3) His right to p3rticip3te in the m3n3gement. (n)

Art. 1774. Any immov3ble property or 3n interest therein m3y be 3cquired in the p3rtnership n3me. Title so 3cquired c3n be
conveyed only in the p3rtnership n3me. (n)

Art. 1811. A p3rtner is co-owner with his p3rtners of specific p3rtnership property.
The incidents of this co-ownership 3re such th3t:
(1) A p3rtner, subject to the provisions of this Title 3nd to 3ny 3greement between the p3rtners, h3s 3n equ3l right with his
p3rtners to possess specific p3rtnership property for p3rtnership purposes; but he h3s no right to possess such property for
3ny other purpose without the consent of his p3rtners;
(2) A p3rtner's right in specific p3rtnership property is not 3ssign3ble except in connection with the 3ssignment of rights of 3ll
the p3rtners in the s3me property;
(3) A p3rtner's right in specific p3rtnership property is not subject to 3tt3chment or execution, except on 3 cl3im 3g3inst the
p3rtnership. When p3rtnership property is 3tt3ched for 3 p3rtnership debt the p3rtners, or 3ny of them, or the represent3tives
of 3 dece3sed p3rtner, c3nnot cl3im 3ny right under the homeste3d or exemption l3ws;
(4) A p3rtner's right in specific p3rtnership property is not subject to leg3l support under Article 291. (n)

Art. 1819. Where title to re3l property is in the p3rtnership n3me, 3ny p3rtner m3y convey title to such property by 3
convey3nce executed in the p3rtnership n3me; but the p3rtnership m3y recover such property unless the p3rtner's 3ct binds
the p3rtnership under the provisions of the first p3r3gr3ph of 3rticle 1818, or unless such property h3s been conveyed by the
gr3ntee or 3 person cl3iming through such gr3ntee to 3 holder for v3lue without knowledge th3t the p3rtner, in m3king the
convey3nce, h3s exceeded his 3uthority.
Where title to re3l property is in the n3me of the p3rtnership, 3 convey3nce executed by 3 p3rtner, in his own n3me, p3sses
the equit3ble interest of the p3rtnership, provided the 3ct is one within the 3uthority of the p3rtner under the provisions of the
first p3r3gr3ph of Article 1818.
Where title to re3l property is in the n3me of one or more but not 3ll the p3rtners, 3nd the record does not disclose the right of
the p3rtnership, the p3rtners in whose n3me the title st3nds m3y convey title to such property, but the p3rtnership m3y
recover such property if the p3rtners' 3ct does not bind the p3rtnership under the provisions of the first p3r3gr3ph of Article
1818, unless the purch3ser or his 3ssignee, is 3 holder for v3lue, without knowledge.
Where the title to re3l property is in the n3me of one or more or 3ll the p3rtners, or in 3 third person in trust for the
p3rtnership, 3 convey3nce executed by 3 p3rtner in the p3rtnership n3me, or in his own n3me, p3sses the equit3ble interest of
the p3rtnership, provided the 3ct is one within the 3uthority of the p3rtner under the provisions of the first p3r3gr3ph of Article
1818.
Where the title to re3l property is in the n3me of 3ll the p3rtners 3 convey3nce executed by 3ll the p3rtners p3sses 3ll their
rights in such property. (n)

Art. 1791. If there is no 3greement to the contr3ry, in c3se of 3n imminent loss of the business of the p3rtnership, 3ny p3rtner
who refuses to contribute 3n 3ddition3l sh3re to the c3pit3l, except 3n industri3l p3rtner, to s3ve the venture, sh3ll he obliged
to sell his interest to the other p3rtners. (n)

Art. 1797. The losses 3nd profits sh3ll be distributed in conformity with the 3greement. If only the sh3re of e3ch p3rtner in the
profits h3s been 3greed upon, the sh3re of e3ch in the losses sh3ll be in the s3me proportion.
In the 3bsence of stipul3tion, the sh3re of e3ch p3rtner in the profits 3nd losses sh3ll be in proportion to wh3t he m3y h3ve
contributed, but the industri3l p3rtner sh3ll not be li3ble for the losses. As for the profits, the industri3l p3rtner sh3ll receive
such sh3re 3s m3y be just 3nd equit3ble under the circumst3nces. If besides his services he h3s contributed c3pit3l, he sh3ll
3lso receive 3 sh3re in the profits in proportion to his c3pit3l. (16893)

Art. 1798. If the p3rtners h3ve 3greed to intrust to 3 third person the design3tion of the sh3re of e3ch one in the profits 3nd
losses, such design3tion m3y be impugned only when it is m3nifestly inequit3ble. In no c3se m3y 3 p3rtner who h3s begun to
execute the decision of the third person, or who h3s not impugned the s3me within 3 period of three months from the time he
h3d knowledge thereof, compl3in of such decision.
The design3tion of losses 3nd profits c3nnot be intrusted to one of the p3rtners. (1690)
Art. 1799. A stipul3tion which excludes one or more p3rtners from 3ny sh3re in the profits or losses is void. (1691)
Art. 1812. A p3rtner's interest in the p3rtnership is his sh3re of the profits 3nd surplus. (n)
Art. 1813. A convey3nce by 3 p3rtner of his whole interest in the p3rtnership does not of itself dissolve the p3rtnership, or, 3s
3g3inst the other p3rtners in the 3bsence of 3greement, entitle the 3ssignee, during the continu3nce of the p3rtnership, to
interfere in the m3n3gement or 3dministr3tion of the p3rtnership business or 3ff3irs, or to require 3ny inform3tion or 3ccount
of p3rtnership tr3ns3ctions, or to inspect the p3rtnership books; but it merely entitles the 3ssignee to receive in 3ccord3nce
with his contr3ct the profits to which the 3ssigning p3rtner would otherwise be entitled. However, in c3se of fr3ud in the
m3n3gement of the p3rtnership, the 3ssignee m3y 3v3il himself of the usu3l remedies.
In c3se of 3 dissolution of the p3rtnership, the 3ssignee is entitled to receive his 3ssignor's interest 3nd m3y require 3n
3ccount from the d3te only of the l3st 3ccount 3greed to by 3ll the p3rtners. (n)
Art. 1801. If two or more p3rtners h3ve been intrusted with the m3n3gement of the p3rtnership without specific3tion of their
respective duties, or without 3 stipul3tion th3t one of them sh3ll not 3ct without the consent of 3ll the others, e3ch one m3y
sep3r3tely execute 3ll 3cts of 3dministr3tion, but if 3ny of them should oppose the 3cts of the others, the decision of the
m3jority sh3ll prev3il. In c3se of 3 tie, the m3tter sh3ll be decided by the p3rtners owning the controlling interest. (16933)
Art. 1802. In c3se it should h3ve been stipul3ted th3t none of the m3n3ging p3rtners sh3ll 3ct without the consent of the
others, the concurrence of 3ll sh3ll be necess3ry for the v3lidity of the 3cts, 3nd the 3bsence or dis3bility of 3ny one of them
c3nnot be 3lleged, unless there is imminent d3nger of gr3ve or irrep3r3ble injury to the p3rtnership. (1694)
Art. 1803. When the m3nner of m3n3gement h3s not been 3greed upon, the following rules sh3ll be observed:
(1) All the p3rtners sh3ll be considered 3gents 3nd wh3tever 3ny one of them m3y do 3lone sh3ll bind the p3rtnership, without
prejudice to the provisions of Article 1801.
(2) None of the p3rtners m3y, without the consent of the others, m3ke 3ny import3nt 3lter3tion in the immov3ble property of
the p3rtnership, even if it m3y be useful to the p3rtnership. But if the refus3l of consent by the other p3rtners is m3nifestly
prejudici3l to the interest of the p3rtnership, the court's intervention m3y be sought. (16953)
Art. 1804. Every p3rtner m3y 3ssoci3te 3nother person with him in his sh3re, but the 3ssoci3te sh3ll not be 3dmitted into the
p3rtnership without the consent of 3ll the other p3rtners, even if the p3rtner h3ving 3n 3ssoci3te should be 3 m3n3ger. (1696)

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