Indiana Statutes
§ 23-16-8-2 — Assignment of partnership interest
Indiana·Title 23 BUSINESS AND OTHER ASSOCIATIONS·Art. 16 LIMITED PARTNERSHIPS·Ch. 8 Assignment of Partnership Interests
Unless otherwise provided in the partnership agreement:
(1)a partnership interest is assignable in whole or in part;
(2)an assignment of a partnership interest does not dissolve a
limited partnership or entitle the assignee to become a partner or
to exercise any rights or powers of a partner;
(3)an assignment entitles the assignee to share in the profits and
losses, to receive the distribution or distributions, and to receive
the allocation of income, gain, loss, deduction, or credit or similar
item to which the assignor was entitled, to the extent assigned;
and
(4)a partner ceases to be a partner and to have the power to
exercise any rights or powers of a partner upon assignment of all
of the partner's partnership interest.
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Legislative History
As added by P.L.147-1988, SEC.1.
Nearby Sections
15
§ 23-0.5-1-1
Short title§ 23-0.5-1-2
Application§ 23-0.5-1-3
Application; exceptions§ 23-0.5-1-4
Delivery of record§ 23-0.5-1-5
Rules and procedures§ 23-0.5-1-6
Terms dependent on facts ascertainable outside the plan or filed
document; articles of amendment§ 23-0.5-1.5-1
Application of definitions§ 23-0.5-1.5-10
"Filed record"§ 23-0.5-1.5-11
"Filing entity"§ 23-0.5-1.5-12
"Foreign"§ 23-0.5-1.5-13
"General partnership"§ 23-0.5-1.5-14
"Governance interest"§ 23-0.5-1.5-15
"Governing person"§ 23-0.5-1.5-16
"Interest"§ 23-0.5-1.5-17
"Interest holder"