Companies Act 19,550 · Article 323 — Assignment of the general partner's interest
Assignment of the general partner's interest (art. 323 LGS)
Article 323 of the General Companies Law requires the consent of the meeting (art. 244) to assign the general partner's interest.
What article 323
Article 323 governs the assignment of the general partner's corporate interest.
Official text · Act 19,550, art. 323
The assignment of the general partner's corporate interest requires the consent of the meeting pursuant to article 244.
Source: Law 19,550, art. 323 — InfoLEG (updated official text)
Commentary
Since the general partner manages and is liable without limitation, his replacement by assignment is not free: it requires the approval of the meeting with aggravated majorities. The intuitu personae of the manager is protected.
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