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Article (49)

i— Profits and losses and the dividend of each partner therein shall be determined at the end of the company's financial year as per the balance sheet and the profit & loss account.
ii— Each partner shall be deemed a creditor of the company with his dividend in profits upon determining it by approving the balance sheet.
iii— Any reduction in the company's capital resulting from losses shall be covered from the profits of subsequent years unless otherwise agreed upon. In any event, no partner shall be obliged to cover the reduction in his share in the capital without his consent.
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