362.280 Assignment of partner's interest.
129 words·~1 min read·
/ky/chapter-362/362-280A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)A conveyance by a partner of his interest in the partnership does not of itself
dissolve the partnership, nor, as against the other partners in the absence of
agreement, entitle the assignee, during the continuance of the partnership, to
interfere in the management or administration of the partnership business or affairs,
or to require any information or account of partnership transactions, or to inspect
the partnership books; but it merely entitles the assignee to receive in accordance
with his contract the profits to which the assigning partner would otherwise be
entitled.
(2)In case of a dissolution of the partnership, the assignee is entitled to receive his
assignor's interest and may require an account from the date only of the last account
agreed to by all the partners.