The number of partners may not exceed fifty shareholders.
If the number of partners decreases to one, the situation must be reported to managers within seven days subsequent to the occurrence of the transaction that caused this result. The managers must, within seven days as of being notified, register and announce that the partnership is a single member partnership with limited liability and name, surname, nationality and domicile of the single partner. If not registered, the managers may be responsible for possible damages. The managers have the same obligation where the partnership is incorporated with a single partner.
Partners are not responsible for the partnership's debts. They are only liable for paying the capital shares they subscribed and for fulfilling their obligations to make additional payments as described in the articles of association.
