{"data":{"id":"us-ak/as-32.11.350","jurisdiction":"us-ak","citation":"AS 32.11.350","heading":"Right of assignee to become limited partner.","body":"(a) An assignee of a partnership interest, including an assignee of a general partner, may become a limited partner if and to the extent that\n(1) the assignor gives the assignee that right in accordance with authority described in the partnership agreement; or\n(2) all other partners consent.\n(b) An assignee who has become a limited partner has, to the extent assigned, the rights and powers, and is subject to the restrictions and liabilities, of a limited partner under the partnership agreement and this chapter. An assignee who becomes a limited partner also is liable for the obligations of the assignee's assignor to make and return contributions as provided in AS 32.11.200 — 32.11.310. However, the assignee is not obligated for liabilities unknown to the assignee at the time the assignee became a limited partner.\n(c) If an assignee of a partnership interest becomes a limited partner, the assignor is not released from the assignor's liability to the limited partnership under AS 32.11.070 and 32.11.210.","path":["Title 32. Partnership.","Chapter 11. Uniform Limited Partnership Act.","Article 6. Nature of and Assignment of Partnership Interests."],"source_url":"https://www.akleg.gov/basis/statutes.asp#32.11.350","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:18:30Z","sha256":"e5d3b23b57a90ac08be63520b03a237661adf8c770fe43c389fbc30a53a44866","source_id":"us-ak","stale":false,"prev":"us-ak/as-32.11.340","next":"us-ak/as-32.11.360"},"notice":"GroundRules: Original legal text. Not legal advice."}