Section 449.1701 – Partnership Interest as Personal Property.
449.1701 Partnership interest as personal property. Sec. 701. A partnership interest is personal property. History: 1982, Act 213, Eff. Jan. 1, 1983
Section 449.1702 – Partnership Interest; Assignment; Effect.
449.1702 Partnership interest; assignment; effect. Sec. 702. Except as provided in the partnership agreement: (i) a partnership interest is assignable in whole or in part; (ii) 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; (iii) an assignment […]
Section 449.1703 – Charging Partnership Interest With Payment of Unsatisfied Amount of Judgment; Rights of Judgment Creditor; Exemptions.
449.1703 Charging partnership interest with payment of unsatisfied amount of judgment; rights of judgment creditor; exemptions. Sec. 703. Upon application to a court of competent jurisdiction by any judgment creditor of a partner, the court may charge the partnership interest of the partner with payment of the unsatisfied amount of the judgment with interest. To […]
Section 449.1704 – Assignee; Right to Become Limited Partner; Rights, Powers, Restrictions, and Liabilities of Assignee Who Becomes Limited Partner.
449.1704 Assignee; right to become limited partner; rights, powers, restrictions, and liabilities of assignee who becomes limited partner. Sec. 704. (a) An assignee of a partnership interest, including an assignee of a general partner, may become a limited partner if and to the extent that (1) the assignor gives the assignee that right in accordance […]
Section 449.1705 – Effect of Death or Adjudication of Disability of Individual Partner; Non-Individual Partner; Effect of Dissolution or Termination of Corporation, Trust, or Other Entity as Partner.
449.1705 Effect of death or adjudication of disability of individual partner; non-individual partner; effect of dissolution or termination of corporation, trust, or other entity as partner. Sec. 705. If a partner who is an individual dies or a court of competent jurisdiction adjudges the partner to be unable to manage his or her property or […]