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4312 — Puerto Rico Law | CourtGPT
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  2. Laws/
  3. Puerto Rico/
  4. Title Thirty-one - Civil Code (§§ 1 — 5305)/
  5. Subtitle 4 - Obligations and Contracts/
  6. Part VIII/
  7. Chapter 319/
  8. 4312
Puerto Rico Legal Code

4312

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Partnerships must have licit objects, and must be established for the common interests of the partners.\nWhen the dissolution of an illicit partnership is declared, the profits shall be devoted to the charitable institutions of the domicile of the partnership, and, in their absence, to those of the Commonwealth of Puerto Rico.\nHistory —Civil Code, 1930, § 1557.