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CCQ-1991 - Civil Code of Québec
Section 2227
Disposition versions
2227. A partner who ceases to be a member of the partnership otherwise than by the transfer or seizure of his share is entitled to receive the value his share had when he ceased to be a partner, and the other partners are bound to pay him that value as soon as it is determined, with interest from the day on which his membership ceased.
Failing stipulations in the contract of partnership or failing agreement among the interested persons as to the value of the share, the value is determined by an expert designated by the interested persons or, failing that, by the court. The expert or the court may, however, defer the assessment of contingent assets or liabilities.
2227. A partner who ceases to be a member of the partnership otherwise than by the transfer or seizure of his share is entitled to receive the value his share had when he ceased to be a partner, and the other partners are bound to pay him that value as soon as it is established, with interest from the day on which his membership ceased.
Failing stipulations in the contract of partnership or failing agreement among the interested persons as to the value of the share, the value is determined by an expert designated by the interested persons or, failing that, by the court. The expert or the court may, however, defer the assessment of contingent assets or liabilities.
2227. A partner who ceases to be a member of the partnership otherwise than by the transfer or seizure of his share may obtain the value of his share upon ceasing to be a partner, and the other partners are bound to pay him the amount of the value as soon as it is established, with interest from the day on which his membership ceased.
Failing stipulations in the contract of partnership or failing agreement among the interested persons as to the value of the share, the value is determined by an expert designated by the interested persons or, failing that, by the court. The expert or the court may, however, defer the assessment of contingent assets or liabilities.
