GroundRules
← Search the law
Massachusetts · Through amendments passed before May 31, 2026

Mass. Gen. Laws ch. 109, § 40: Assignment of partnership interest

Read at publisher ↗
Where this section sits in the code
  1. Part I
  2. Title XV
  3. Chapter 109

Section 40. Except as provided in the partnership agreement, a partnership interest is assignable in whole or in part. An assignment of a partnership interest shall 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.

Collected 2026-09-17T05:22:34Z. Source file · JSON

Browse this collection