West Virginia Statutes

§ 47-9-40 — Assignment of partnership interest

West Virginia § 47-9-40
JurisdictionWest Virginia
Ch. 47REGULATION OF TRADE
Art. 9UNIFORM LIMITED PARTNERSHIP ACT

This text of West Virginia § 47-9-40 (Assignment of partnership interest) is published on Counsel Stack Legal Research, covering West Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
W. Va. Code § 47-9-40 (2026).

Text

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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Legislative History

1981 Reg. Sess., HB987

Nearby Sections

15
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Bluebook (online)
West Virginia § 47-9-40, Counsel Stack Legal Research, https://law.counselstack.com/statute/wv/47/47-9-40.