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BGB 736. 1 If the partnership agreement stipulates that if a partner gives notice or dies or if insolvency proceedings are opened in relation to his assets , the partnership will be carried on by the remaining partners , then upon the occurrence of such an event the partner personally so affected retires from the partnership .
BGB 737 If the partnership agreement stipulates that if a partner gives notice , the partnership will be carried on by the remaining partners , then a partner in whose person a circumstance occurs which entitles the remaining partners to give notice under section 723 ( 1 ) sentence 2 may be excluded from the partnership . The remaining partners are jointly entitled to the right of exclusion . Exclusion occurs by declaration to the partner to be excluded .
BGB 980. 1 The auction is admissible only after the persons entitled to receive have been called on in a public notice of the finding which stipulates a time limit to notify their rights , and the time limit has passed ; it is inadmissible if notification was made in good time .