Consequences of Refusing Approval of an Heir of a partner in a SARL

In the event of the death of a partner in an SARL, the deceased’s shares may be inherited by their heir, who can request approval to become a partner, as outlined in the company’s articles of association. If the remaining partners refuse to approve the heir, they have three months from the refusal to either find an external buyer for the shares or arrange for the company to purchase the shares.

This deadline can be extended by a court decision for up to six additional months. If the shares are not acquired by a new partner or bought by the company within the allotted period, approval is deemed to have been granted, and the heir automatically becomes a partner.