48-2a-703 - Rights of creditor. - Utah Statutes

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Statutes > Utah > Title-48 > Chapter-02a > 48-2a-703

48-2a-703. Rights of creditor.
On application to a court of competent jurisdiction by any judgment creditor of a partner,the court may charge the partnership interest of the partner with payment of the unsatisfiedamount of the judgment with interest. To the extent it is the beneficiary of such a charging order,the judgment creditor has only the rights of an assignee of the partnership interest. This chapterdoes not deprive any partner of the benefit of any exemption laws applicable to his partnershipinterest.

Amended by Chapter 189, 1991 General Session

State Codes and Statutes

Statutes > Utah > Title-48 > Chapter-02a > 48-2a-703

48-2a-703. Rights of creditor.
On application to a court of competent jurisdiction by any judgment creditor of a partner,the court may charge the partnership interest of the partner with payment of the unsatisfiedamount of the judgment with interest. To the extent it is the beneficiary of such a charging order,the judgment creditor has only the rights of an assignee of the partnership interest. This chapterdoes not deprive any partner of the benefit of any exemption laws applicable to his partnershipinterest.

Amended by Chapter 189, 1991 General Session

State Codes and Statutes

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State Codes and Statutes

Statutes > Utah > Title-48 > Chapter-02a > 48-2a-703

48-2a-703. Rights of creditor.
On application to a court of competent jurisdiction by any judgment creditor of a partner,the court may charge the partnership interest of the partner with payment of the unsatisfiedamount of the judgment with interest. To the extent it is the beneficiary of such a charging order,the judgment creditor has only the rights of an assignee of the partnership interest. This chapterdoes not deprive any partner of the benefit of any exemption laws applicable to his partnershipinterest.

Amended by Chapter 189, 1991 General Session