§ 7-62-702 — Assignment of partnership interest

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 of the partner's
partnership interest.

Legislative History

Source: L. 81: Entire article added, p. 445, � 1, effective November 1. L. 2004: Entire section amended, p. 1445, � 141, effective July 1.