I have perused the CC Act but failed to find a solution to what happens when the members of a CC no longer get along and one wants out. The CC is basically insolvent so from the CC no distributions can be made to any members without contravening the Act.
The member who wants to leave however insists on R50 000 buy-out so that he can get out of the CC but the other members cannot afford to pay him. Can the remaining members offer any reason why he should sign the CK2 without paying him anything?
Is this one of those cases where the members are going to have to approach the Master of the High Court for a decision on the matter or does the Act provide for instances like this?