State Codes and Statutes
Statutes > Michigan > Chapter-449 > Act-213-of-1982 > 213-1982-7 > Section-449-1702MICHIGAN REVISED UNIFORM LIMITED PARTNERSHIP ACT (EXCERPT)
Act 213 of 1982
449.1702 Partnership interest; assignment; effect.
Sec. 702.
Except as provided in the partnership agreement: (i) a partnership interest is assignable in whole or in part; (ii) an assignment of a partnership interest does not dissolve a limited partnership or entitle the assignee to become or to exercise any rights of a partner; (iii) an assignment entitles the assignee to receive, to the extent assigned, only the distribution to which the assignor would be entitled.
History: 1982, Act 213, Eff. Jan. 1, 1983
