§425-128  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
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:



(1)  To receive, in accordance with the transfer, distributions
to which the transferor would otherwise be entitled;



(2)  To receive upon the dissolution and winding up of
the partnership business, in accordance with the transfer, the net amount
otherwise distributable to the transferor; and



(3)  To seek under section 425-138 a judicial
determination that it is equitable to wind up the partnership business.



(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)  Upon 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. [L 1999, c 284, pt of §1]