Missouri Revised Statutes













Chapter 359

Uniform Limited Partnership Law

←359.401

Section 359.411.1

359.421→

August 28, 2015

Assignment of partnership interest--rights of assignee.

359.411. 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.



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



Effective 1-1-87







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