Absence of all general partners (art. 140 LGS)
Article 140 governs the absence or incapacity of all general partners and the period for regularization.
What article 140
Article 140 governs the absence or incapacity of all general partners and the period for regularization.
If all general partners become bankrupt, insolvent, die, become incapable or disqualified, a limited partner may perform urgent management acts while the situation is regularized without incurring liability under Articles 136 and 137. The company is dissolved if it is not regularized or transformed within three months.
Source: Law 19,550, art. 140 — InfoLEG (updated official text)
Commentary
The rule creates an emergency bridge: the limited partner may handle urgent matters, but the structure must be restored or transformed within three months.
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