§ 61-3-701. Nature of Transferable Interest
A transferable interest is personal property.
§ 61-3-702. Transfer of Transferable Interest
A transfer, in whole or in part, of a transferable interest: Is permissible; Does not, by itself, cause a person’s dissociation as a partner or a dissolution and winding up of the limited partnership’s activities and affairs; and Subject to § 61-3-704, does not entitle the transferee to: Participate in the management or conduct of […]
§ 61-3-703. Charging Order
On application by a judgment creditor of a partner or transferee, a court may enter a charging order against the transferable interest of the judgment debtor for the unsatisfied amount of the judgment. A charging order constitutes a lien on a judgment debtor’s transferable interest and requires the limited partnership to pay over to the […]
§ 61-3-704. Power of Legal Representative of Deceased Partner
If a partner dies, the deceased partner’s legal representative may exercise: The rights of a transferee provided in § 61-3-702(c); and For the purposes of settling the estate, the rights of a current limited partner under § 61-3-304.