☰ Revisor of Missouri

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS

Chapter 359

Effective - 01 Jan 1987, see footnote bottom

  359.411.  Assignment of partnership interest — rights of assignee. — 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.

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(L. 1985 H.B. 512 & 650)

Effective 1-01-87


---- end of effective   01 Jan 1987 ----

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