Selling A Share In A Partnership Without Informing The Partner
Question
Can one partner sell his share in a business without the consent of the other partner?
Answer
In principle, it is permissible for one partner to sell his share without the consent of the other partner. However in the case where two or more people mix their wealth (like in the case where they mix a their wheat into one bag) and become partners in it, it will not be permissible for one partner to sell his share without the consent of the other partner.
References (Arabic / Urdu sources)
مادة ١٠٨٨ أحد الشريكين إن شاء باع ١٢٠ حصته من شريكه وإن شاء باعها من أجنبي بدون أذن شريكه راجع مادة ٢١٥ لكن فى صور خلط الأموال واختلاطها التي بيناها في الفصل الأول لا يسوغ لأحد الشريكين في الأموال المخلوطة أو المختلطة أن يبيع حصته لآخر بدون إذن شريكه أنظر المادة ٢١٥٩ (المجلة)
- Approved by
- Mufti Muhammed Saeed Motara Saheb D.B.
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