What is delectus personae?

[Literally means in Latin, Choice of the person.] Pertains to the right of partners to exercise their choice and preference as to the admission of any new members to the http://www.answers.com/topic/partnership, and as to the persons to be so admitted, if any. The doctrine is equally applicable to close and family http://www.answers.com/topic/corporation and is exemplified in the use of restrictions for the transfer of shares of stock.