Section 323A.0501 — Partner Not Co-owner Of Partnership Property.
323A.0501 PARTNER NOT CO-OWNER OF PARTNERSHIP PROPERTY. A partner is not a co-owner of partnership property and has no interest in partnership property which can be transferred, either voluntarily or involuntarily. History: 1997 c 174 art 5 s 26
Section 323A.0502 — Partner’s Transferable Interest In Partnership.
323A.0502 PARTNER’S TRANSFERABLE INTEREST IN PARTNERSHIP. The only transferable interest of a partner in the partnership is the partner’s share of the profits and losses of the partnership and the partner’s right to receive distributions. The interest is personal property. History: 1997 c 174 art 5 s 27
Section 323A.0503 — Transfer Of Partner’s Transferable Interest.
323A.0503 TRANSFER OF PARTNER’S TRANSFERABLE INTEREST. (a) A transfer, in whole or in part, of a partner’s transferable interest in the partnership: (1) is permissible; (2) does not by itself cause the partner’s dissociation or a dissolution and winding up of the partnership business; and (3) does not, as against the other partners or the […]
Section 323A.0504 — Partner’s Transferable Interest Subject To Charging Order.
323A.0504 PARTNER’S TRANSFERABLE INTEREST SUBJECT TO CHARGING ORDER. (a) On application by a judgment creditor of a partner or of a partner’s transferee, a court having jurisdiction may charge the transferable interest of the judgment debtor to satisfy the judgment. The court may appoint a receiver of the share of the distributions due or to […]