48-1-24 - Assignment of partner's interest. - Utah Statutes

State Codes and Statutes

Statutes > Utah > Title-48 > Chapter-01 > 48-1-24

48-1-24. Assignment of partner's interest.
A conveyance by a partner of his interest in the partnership does not of itself dissolve thepartnership, or, as against the other partners in the absence of agreement, entitle the assigneeduring the continuance of the partnership to interfere in the management or administration of thepartnership business or affairs, or to require any information or account of partnershiptransactions, or to inspect the partnership books; but it merely entitles the assignee to receive inaccordance with his contract the profits to which the assigning partner would otherwise beentitled.
In case of a dissolution of a partnership, the assignee is entitled to receive his assignor'sinterest, and may require an account from the date only of the last account agreed to by all thepartners.

No Change Since 1953

State Codes and Statutes

Statutes > Utah > Title-48 > Chapter-01 > 48-1-24

48-1-24. Assignment of partner's interest.
A conveyance by a partner of his interest in the partnership does not of itself dissolve thepartnership, or, as against the other partners in the absence of agreement, entitle the assigneeduring the continuance of the partnership to interfere in the management or administration of thepartnership business or affairs, or to require any information or account of partnershiptransactions, or to inspect the partnership books; but it merely entitles the assignee to receive inaccordance with his contract the profits to which the assigning partner would otherwise beentitled.
In case of a dissolution of a partnership, the assignee is entitled to receive his assignor'sinterest, and may require an account from the date only of the last account agreed to by all thepartners.

No Change Since 1953

State Codes and Statutes

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State Codes and Statutes

Statutes > Utah > Title-48 > Chapter-01 > 48-1-24

48-1-24. Assignment of partner's interest.
A conveyance by a partner of his interest in the partnership does not of itself dissolve thepartnership, or, as against the other partners in the absence of agreement, entitle the assigneeduring the continuance of the partnership to interfere in the management or administration of thepartnership business or affairs, or to require any information or account of partnershiptransactions, or to inspect the partnership books; but it merely entitles the assignee to receive inaccordance with his contract the profits to which the assigning partner would otherwise beentitled.
In case of a dissolution of a partnership, the assignee is entitled to receive his assignor'sinterest, and may require an account from the date only of the last account agreed to by all thepartners.

No Change Since 1953