§ 7-13.1-701. Nature of transferable interest. [Effective January 1, 2023.] A transferable interest is personal property. History of Section.P.L. 2022, ch. 121, § 2, effective January 1, 2023; P.L. 2022, ch. 122, § 2, effective January 1, 2023.
§ 7-13.1-702. Transfer of transferable interest. [Effective January 1, 2023.] (a) A transfer, in whole or in part, of a transferable interest: (1) Is permissible; (2) 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 (3) Subject to § […]
§ 7-13.1-703. Charging order. [Effective January 1, 2023.] (a) 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 […]
§ 7-13.1-704. Power of legal representative of deceased partner. [Effective January 1, 2023.] If a partner dies, the deceased partner’s legal representative may exercise: (1) The rights of a transferee provided in § 7-13.1-702(c); and (2) For the purposes of settling the estate, the rights of a current limited partner under § 7-13.1-304. History of […]
