S.C. Code § 33-42-1220

Current through 2024 Act No. 209.
Section 33-42-1220 - Assignment of partnership interest

Except as provided in the partnership agreement, a partnership interest is assignable in whole or part. 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. An assignment entitles the assignee to receive, to the extent assigned, only the distribution to which the assignor would be entitled. Except as provided in the partnership agreement, a partner ceases to be a partner upon assignment of all his partnership interest.

S.C. Code § 33-42-1220

1986 Act No. 533, Section 1; 1985 Act No. 11, Sections 3, 4; 1984 Act No. 491, Section 1.