29-1043. 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.


3. Does not, as against the other partners or the partnership, entitle the
transferee, during the continuance of the partnership, to participate in the management
or conduct of the partnership business, to require access to information concerning
partnership transactions or to inspect or copy the partnership books or records.


B. A transferee of a partner's transferable interest in the partnership has a right
to:


1. Receive, in accordance with the transfer, distributions to which the transferor
would otherwise be entitled.


2. Receive on the dissolution and winding up of the partnership business, in
accordance with the transfer, the net amount otherwise distributable to the transferor.


3. Seek under section 29-1071, paragraph 6 a judicial determination that it is
equitable to wind up the partnership business.


4. Exercise the rights under section 29-1071, paragraph 7.


C. In a dissolution and winding up, a transferee is entitled to an account of
partnership transactions only from the date of the latest account agreed to by all of the
partners.


D. On transfer, the transferor retains the rights and duties of a partner other
than the interest in distributions transferred.


E. A partnership need not give effect to a transferee's rights under this section
until it has notice of the transfer.


F. A transfer of a partner's transferable interest in the partnership in violation
of a restriction on transfer contained in the partnership agreement is ineffective as to
a person having notice of the restriction at the time of transfer.