Va. Code § 50-73.45

Current with changes from the 2024 legislative session through ch. 845
Section 50-73.45 - Assignment of partnership interest

Except as provided in the partnership agreement, a partnership interest is assignable in whole or in 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.

Va. Code § 50-73.45

1985, c. 607.
Amended by Acts 1985, § c.607.