{"data":{"id":"us-id/idaho-code-30-24-702","jurisdiction":"us-id","citation":"Idaho Code § 30-24-702","heading":"TRANSFER OF TRANSFERABLE INTEREST.","body":"(a) A transfer, in whole or in part, of a transferable interest:\n(1) Is permissible, except the transfer of a transferable interest in a professional entity is not permissible without compliance with section 30-21-901(i), Idaho Code;\n(2) Does not by itself cause a partner’s dissociation or a dissolution and winding up of the limited partnership’s activities and affairs; and\n(3) Subject to section 30-24-704, Idaho Code, does not entitle the transferee to:\n(A) Participate in the management or conduct of the partnership’s activities and affairs; or\n(B) Except as otherwise provided in subsection (c) of this section, have access to required information, records, or other information concerning the partnership’s activities and affairs.\n(b) A transferee has the right to receive, in accordance with the transfer, distributions to which the transferor would otherwise be entitled.\n(c) In a dissolution and winding up of a limited partnership, a transferee is entitled to an account of the partnership’s transactions only from the date of dissolution.\n(d) A transferable interest may be evidenced by a certificate of the interest issued by a limited partnership in a record, and, subject to this section, the interest represented by the certificate may be transferred by a transfer of the certificate.\n(e) A limited partnership need not give effect to a transferee’s rights under this section until the partnership knows or has notice of the transfer.\n(f) A transfer of a transferable interest in violation of a restriction on transfer contained in the partnership agreement is ineffective as to a person having knowledge or notice of the restriction at the time of transfer.\n(g) Except as otherwise provided in sections 30-24-601(b)(4)(B) and 30-24-603(4)(B), Idaho Code, if a general or limited partner transfers a transferable interest, the transferor retains the rights of a general or limited partner other than the transferable interest transferred and retains all the duties and obligations of a general or limited partner.\n(h) If a general or limited partner transfers a transferable interest to a person that becomes a general or limited partner with respect to the transferred interest, the transferee is liable for the transferor’s obligations under sections 30-24-502 and 30-24-505, Idaho Code, known to the transferee when the transferee becomes a partner.","path":["TITLE 30 CORPORATIONS","CHAPTER 24 LIMITED PARTNERSHIPS","PART 7 TRANSFERABLE INTERESTS AND RIGHTS OF TRANSFEREES AND CREDITORS"],"source_url":"https://legislature.idaho.gov/statutesrules/idstat/title30/t30ch24/sect30-24-702/","current_through":"2026 Legislative Session","vintage":"","retrieved_at":"2026-09-04T11:18:37Z","sha256":"e6e7f18f1e5c1a00cfa5097f22ba54432e48972d6769d64776c9a39a145dc1c2","source_id":"us-id","stale":false,"prev":"us-id/idaho-code-30-24-701","next":"us-id/idaho-code-30-24-703"},"notice":"GroundRules: Original legal text. Not legal advice."}