{"data":{"id":"us-ms/miss.-code-ann.-79-13-503","jurisdiction":"us-ms","citation":"Miss. Code Ann. § 79-13-503","heading":"Transfer of partner’s transferable interest.","body":"(a) A transfer, in whole or in part, of a partner’s transferable interest in the partnership:\n(1) Is permissible;\n(2) Does not by itself cause the partner’s dissociation or a dissolution and winding up of the partnership business; and\n(3) Does not, as against the other partners or the partnership, entitle the transferee, during the continuance of the partnership, to participate in the management or conduct of the partnership business, to require access to information concerning partnership transactions, or to inspect or copy the partnership books or records.\n(b) A transferee of a partner’s transferable interest in the partnership has a right:\n(1) To receive, in accordance with the transfer, distributions to which the transferor would otherwise be entitled;\n(2) To receive upon the dissolution and winding up of the partnership business, in accordance with the transfer, the net amount otherwise distributable to the transferor; and\n(3) To seek under Section 79-13-801(6) a judicial determination that it is equitable to wind up the partnership business.\n(c) In a dissolution and winding up, a transferee is entitled to an account of partnership transactions only from the date of the latest account agreed to by all of the partners.\n(d) Upon transfer, the transferor retains the rights and duties of a partner other than the interest in distributions transferred.\n(e) A partnership need not give effect to a transferee’s rights under this section until it has notice of the transfer.\n(f) A transfer of a partner’s transferable interest in the partnership in violation of a restriction on transfer contained in the partnership agreement is ineffective as to a person having notice of the restriction at the time of transfer.","path":["Title 79. Corporations, Associations, and Partnerships","Chapter 13. Uniform Partnership Act (1997)","Article 5. Transferees and Creditors of Partner."],"source_url":"https://archive.org/download/gov.ms.code.ann.2018/release78.2020.07.08/gov.ms.code.title.79.odt","current_through":"2020-07-08","vintage":"Mississippi Code Release 78 (2020-07), retrieved 2026-09-17","retrieved_at":"2026-10-27T05:54:23Z","sha256":"773d43c33f659db326d2146461e3592a22a54162810ba9d163b06eb5da5e5872","source_id":"us-ms","stale":false,"prev":"us-ms/miss.-code-ann.-79-13-502","next":"us-ms/miss.-code-ann.-79-13-504","notices":[{"id":"open-us-law","title":"Open US Law compilation","text":"Compilation CC BY 4.0, Open US Law (Vaquill AI). GroundRules uses only the releases published under CC BY 4.0: from v2026.09 the compilation is licensed CC BY-NC 4.0, and GroundRules does not use those releases. Each affected row names its release in its vintage label. GroundRules parsed and filtered the compilation to retain enacted text.","url":"https://huggingface.co/datasets/vaquill/open-us-law","license_url":"https://creativecommons.org/licenses/by/4.0/"},{"id":"pro-ms","title":"Mississippi Release 78 supplement","text":"Mississippi electronic product files were republished by Public.Resource.Org under a public-domain dedication. GroundRules uses enacted text from Release 78 only as a labeled supplement to the newer Open US Law rows.","url":"https://archive.org/details/gov.ms.code.ann.2018"}]},"notice":"GroundRules: Original legal text. Not legal advice."}