Article 101 of Companies Law

The interests of a deceased partner shall pass to his heirs, and the company contract may provide that the remaining partners shall have the right to purchase these interests. If the transfer of the interests to the heirs results in (1) Amended by Law No. 15 of 2017 (2) Amended by Law No. 15 of 2017 Index of the Law 1482 Home Page Companies Law Law No. 1 of 2016 Promulgating the Companies Law an increase in the number of partners beyond the prescribed maximum, the inherited interests shall remain treated as a single interest in relation to the company, unless the heirs agree that the interests shall pass to a number of them falling within the maximum number of partners. Legatees shall be considered as heirs for the purposes of the preceding paragraph.