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Civil Act — Article 706 (Method of managing partnership affairs)

민법 제706조

(1) If a manager of the partnerships affairs has not been designated by the partnership contract, such a manager shall be elected with an affirmative vote of not less than two-thirds of all the partners.

(2) The management of the partnership affairs shall be decided by a majority of the partners. If several managers are appointed to take charge of the affairs of the partnership, the management of the affairs shall be decided by a majority of such managers.

(3) The ordinary affairs of the partnership may, notwithstanding the provisions of paragraph (2), be managed solely by any partner or any manager, as the case may be, acting alone; provided, if other partners or other managers, as the case may be, raises an objection to such acts before the completion thereof, he shall immediately suspend these acts.

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