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Virginia · Through 9/4/2026 · Newer source version available

Va. Code § 50-73.45: Assignment of partnership interest

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Where this section sits in the code
  1. Title 50. PARTNERSHIPS
  2. Chapter 2.1. VIRGINIA REVISED 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 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.1985, c. 607.

Collected 2026-09-04T15:16:59Z. Source file · JSON

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