Section 32.11.330. Assignment of partnership interest.

Latest version.

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 the 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.

Authorities

32.11.160

Notes

References

AS 32.11.160 Events of withdrawal.

History

(Sec. 1 ch 128 SLA 1992)

                    
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