Text of the provision
Art. 1799. A stipulation which excludes one or more partners from any share in the profits or losses is void.
(1691)
Civil Code of the Philippines, Republic Act No. 386, approved June 18, 1949, effective August 30, 1950. Reproduced in full; verified verbatim against the LawPhil and ChanRobles official-text renderings.
What this article means
A stipulation excluding a partner from all share in profits or losses is void (the prohibited societas leonina).
Related provisions
- Article 1798 — Designation by a Third Person.
- Article 1800 — Powers of a Managing Partner.
Cases citing this article
- Miguel Cuenco vs. Concepcion Cuenco Vda. De Manguerra, G.R. No. 149844, October 13, 2004 — read the decision on LawPhil →
Compiled automatically from Supreme Court decisions published on LawPhil that expressly cite this article, most frequently cited first. A listing means the decision cites the provision — it is not a statement that the case is the leading authority, and it does not show whether a ruling has since been modified or abandoned. Always read the decision itself.