Article 40 - Transfer of Property to a Partnership

No gain or loss shall be calculated for the transfer of a partner's assets to a partnership against acquiring a share in such partnership.

The partner is considered an owner of a share in the partnership equal to the difference between the value of the asset transferred by him to the partnership according to market prices and the amount paid to him. If the amount paid to him exceeds the market price, the excess amount shall be considered a distribution to the partner by the partnership.