Arizona Statutes

§ 29-340 — Assignment of partnership interest

Arizona·Title 29 Arizona Revised Statutes·Ch. 3 LIMITED PARTNERSHIPS·Art. 7 Assignment of Partnership Interests
Except as provided in the partnership agreement, a partnership interest is assignable in whole or in part. An assignment of a partnership interest does not dissolve a limited partnership or entitle the assignee to become or to exercise any rights of a partner. An assignment entitles the assignee to receive, to the extent assigned, only the distribution to which the assignor would be entitled. Except as provided in the partnership agreement, a partner ceases to be a partner upon assignment of all his partnership interest.

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Related

Sertich v. Moorman
767 P.2d 34 (Court of Appeals of Arizona, 1988)
1 case citations

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