The law governs mergers, divisions, corporate restructurings and transfers of assets. In accordance with the relevant provisions of the law, a company or private enterprise registered in the Commercial Register may transfer all or part of its assets and liabilities to another legal person in a single legal act, a term called “global succession” and derives from merger law. All assets and debts of the company are transferred to the surviving entity which becomes the universal successor. The law applies this principle to the transfer of assets under the law by creating a framework of rules allowing the transfer of assets such as a business entity (or part of them) and individual assets from one company to another. The rules of general succession apply to the patrimony thus transferred. The statutory transfer of assets is a new and effective way to resolve most of the problems arising from the transfer of agreements. Membership rights in a limited liability company can generally be considered financial rights (called “transferable interests”) – the right to participate in the profits, losses and distributions of the limited liability company and other rights (voting and management rights, information rights, etc.). Unless otherwise provided in the company agreement (or articles of association), a member may assign or transfer financial rights covering the transferable interest. Such a transfer confers on the buyer all the rights of profits and distributions previously held by the contemptuous. Unless otherwise provided in the company agreement (or the articles of association), a transfer does not create any other rights of membership to the buyer, nor the transfer may allow the transferee to exercise directly or indirect management rights, unless all the other members give their agreement. The company agreement (or articles of association) may provide for less than unanimous consent. PandaTip, beware! The transfer of partially paid shares (less than 100%) creates an obligation for the buyer and is assimilated to the transfer of a debt.