In the case of the death of one partner, what are the rights of the surviving partner and the deceased's family regarding profits?
[AR_ID:5292]
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1 Answer
Peace be upon you and God's mercy and blessings.
Grand Ayatollah Sayyid Khamenei and Grand Ayatollah Sayyid Sistani (may God protect them):
- If one of the partners dies, the remaining partners are not allowed to manage the company's assets.
- The deceased's share of the joint assets is transferred to their heirs, making them partners in that share. If the heirs are minors, the matter will revert to their legal guardian.
The situation does not change whether there are official documents or not.
May you be successful in all good.
Source:
Grand Ayatollah Sayyid Khamenei (may God protect him): Answers to Inquiries - Book of Sales - Guardianship of Management - S1512
Grand Ayatollah Sayyid Sistani (may God protect him): Selected Issues - Rules of Partnership - M743 + 745