{"data":{"id":"us-md/md.-code-corporations-and-associations-10-703","jurisdiction":"us-md","citation":"Md. Code, Corporations and Associations § 10–703","heading":"","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 title. An assignee who becomes a limited partner also is liable for the obligations of his assignor to make and return contributions as provided in Subtitle 5 and Subtitle 6 of this title. However, the assignee is not obligated for liabilities unknown to the assignee at the time he became a limited partner and which could not be ascertained from the certificate or the partnership agreement.\n(c) If an assignee of a partnership interest becomes a limited partner, the assignor is not released from his liability to the limited partnership under §§ 10–502 and 10–608 of this title.","path":["Article - Corporations and Associations"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gca\u0026section=10-703","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:56:43Z","sha256":"bbf900e6d133f79c8314373bbbc4f6a99d4d7a4843f48614d1eb8157b5a7ffee","source_id":"us-md","stale":false,"prev":"us-md/md.-code-corporations-and-associations-10-702","next":"us-md/md.-code-corporations-and-associations-10-704"},"notice":"GroundRules: Original legal text. Not legal advice."}