Section Second: Effects of the Company with Respect to Third Parties

Article 901

Art. 901 - Partners are liable to creditors in proportion to their contribution, unless the contract provides for joint and several liability.

Article 902

Art. 902 - In a fiduciary company, the partners are jointly and severally liable for the obligations validly contracted by one of them, in the absence of fraud.

Article 903

Art. 903 - The partner is solely liable for the obligations he contracts beyond his powers or the purpose for which the company is constituted.

Article 904

Art. 904 - The company is always liable to third parties for the actions of one of the partners to the extent that it has benefited from the operation undertaken by the latter beyond its powers.

Article 905

Art. 905 - Partners are liable to third parties in good faith for acts of fraud and deceit committed by the administrator who represents the partnership, and they are liable to repair the damage caused by these acts, except for their recourse against the author of the wrongful act.

Article 906

Art. 906 - The person who enters into a company already constituted is liable with the others, and to the extent established by the nature of the company, for the obligations already contracted before their entry, even if the name or the company name had been modified. Any contrary agreement has no effect with regard to third parties.

Article 907

Art. 907 - Partnership creditors may bring their actions against the partnership represented by the managers and against the partners individually. However, execution of judgments obtained by them must be pursued first against the fund or partnership assets; they have preference over the fund in preference to the individual creditors of the partners.

Article 908

Art. 908 - In the event of insufficiency of the company's capital, they may turn to the shareholders to have their claims fulfilled, under the conditions determined by the nature of the company. Each of the shareholders may then raise against the company's creditors the personal exceptions available to them, as well as those available to the company, including set-off.

Article 909

Art. 909 - The private creditors of a partner may, during the duration of the company, exercise their rights only on the share of profits belonging to this partner according to the balance sheets, and not on their share of the capital, and after the end or dissolution of the company, on the share pertaining to their debtor, in the company's assets, after deduction of debts; they may, however, effect a conservatory seizure on this share before any liquidation.