Mich. Comp. Laws § 449.1702

Current through Public Act 151 of the 2024 Legislative Session
Section 449.1702 - Partnership interest; assignment; effect

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.

MCL 449.1702

1982, Act 213, Eff. 1/1/1983.