§ 17-21-504 — Partner's transferable interest subject to charging order

(a) On application by a judgment creditor of a partner or
partner's transferee, a court having jurisdiction may charge the
transferable interest of the debtor partner or transferee to
satisfy the judgment. The court may appoint a receiver of the
debtor's share of the distributions due or to become due to the
debtor in respect of the partnership and make all other orders,
directions, accounts and inquiries the debtor might have made or
which the circumstances of the case may require.
(b) A charging order constitutes a lien on the judgment
debtor's transferable interest in the partnership. The court
may order a foreclosure of the interest subject to the charging
order at any time and upon conditions it considers appropriate.
The purchaser at the foreclosure sale has the rights of a
transferee.
(c) At any time before foreclosure, an interest charged
may be redeemed:
(i) By the judgment debtor;
(ii) With property other than partnership property by
one (1) or more of the other partners; or
(iii) With partnership property by one (1) or more of
the other partners with the consent of all the partners whose
interests are not so charged.
(d) This chapter does not deprive a partner of a right
under exemption laws with respect to the partner's interest in
the partnership.
(e) This section provides the exclusive remedy by which a
judgment creditor of a partner or partner's transferee may
satisfy a judgment out of the judgment debtor's transferable
interest in the partnership.