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- until such time~as the interest transferred shall be further transferred on ita ~
. books in accordance with the provisions hereof. ~ ' ~ . -
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. ~ii) Notwithstanding the provisions of Subparagraph 15 A above, no
successor to the interest of a Partner shall have the right to become a Sub- ~
etituted Limited Partner without first obtaining the consent of all oi the other
~ then members of the Partnership, excepting his imm+ediate assignor. ~
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Death of General Partner or Sale of His Interest ~
16. In the event of the sale of the interest of the General Partner in '
accordance with paragraph 15 of this Agreement or in the event of the death, .
retii•ement, adjudication of insanity or incompetency, or inability to ser~ve .
J of -the General Partner, this Partnership shall thzreby be, dissolved and termi- c=
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nated, unless within 30 days after the occurrence of-any such event the person
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who has purchased a General Partner's interest elects in writing to conduct the tL
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business under the terms and conditions of this Certificate of Limited Partnership.
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~ Death of Limited Partner .
17. If a Limited Partner shall die, .his executors or administrators ~
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~ (or if he shall become insane, his committee or representative) shall have the
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~ eame rights that such Limited Partner would have had if he had not~died or had
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~ not become insane, and the share of such Limited Partner in the assets of the -
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Partner'ship, shall, until the termination of the Fartnership, be subject to the =
terma, provisions and conditions of this Agreement as if such Limited Partner
. had not died or become insane. '
Termination ~ ~ "
18. In addition to ar~y other causes stated herein, the Partnership shall ~ `
terminate and shall be diesolved upon the happening of any of the following events:
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(a) The sale of all of the partnership property.
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