Separate or joint management (art. 128 LGS)
Management may be separate, allowing each manager to act alone, or joint, requiring action together.
What article 128
Article 128 governs multiple-manager arrangements in a general partnership.
If management is entrusted to several partners without allocating functions or stating that one may not act without the other, each is deemed authorized to perform any management act separately. Joint management. If it is stipulated that neither may act without the other, neither may act individually even if the co-manager is unable to act, without prejudice to Article 58.
Source: Law 19,550, art. 128 — InfoLEG (updated official text)
Commentary
Joint management provides control but may hinder operations; separate authority is more agile but concentrates risk. If the agreement is silent, separate authority is presumed.
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