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South Carolina · Through 2025 Session of the General Assembly

S.C. Code Ann. § 33-42-1220: Assignment of partnership interest.

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Where this section sits in the code
  1. Title 33 - CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS
  2. CHAPTER 42 Uniform Limited Partnership Act
  3. ARTICLE 7 Assignment of Partnership Interests

Except as provided in the partnership agreement, a partnership interest is assignable in whole or 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.

Collected 2026-09-02T07:04:29Z. Source file · JSON

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