Current with changes from the 2024 Legislative Session
Section 10-702 - Assignment of partnership interest(a) Unless otherwise provided in the partnership agreement, a partnership interest is assignable in whole or in part.(b) An assignment of a partnership interest does not dissolve a limited partnership or entitle the assignee to become a partner or, unless otherwise provided in the partnership agreement, exercise any rights of a partner.(c) Unless otherwise provided in the partnership agreement, an assignment entitles the assignee to receive, to the extent assigned, only the distributions to which the assignor would be entitled.(d) A partnership agreement may provide that a partnership interest may or shall be transferred or assigned in whole or in part to one or more persons, including on the occurrence of any of the events described in § 10-402 of this title, regardless of whether the persons to whom the interest is transferred or assigned are partners.Amended by 2022 Md. Laws, Ch. 295, Sec. 1, eff. 10/1/2022.Amended by 2022 Md. Laws, Ch. 294, Sec. 1, eff. 10/1/2022.