{"data":{"id":"us-nd/n.d.-cent.-code-45-10.2-45","jurisdiction":"us-nd","citation":"N.D. Cent. Code § 45-10.2-45","heading":"(409) Transfer of partnership property","body":"1.Subject to the effect of a notification effective under subsections 4 and 9 of section 45-10.2-06, property held in the name of a limited partnership may be transferred by a record of transfer signed by a general partner in the limited partnership name.\n2.If a transfer has been made to an initial transferee through a record of transfer effective under subsection 1, a limited partnership may recover the transferred limited partnership property:\na.From a transferee only if the limited partnership proves that signing the record of initial transfer did not bind the partnership under section 45-10.2-38; and\nb.As to a subsequent transferee who gave value for the property, only if the limited partnership proves that the subsequent transferee knew or had received a notification that the person that signed the record of initial transfer lacked authority to bind the partnership.\n3.A partnership may not recover partnership property from a subsequent transferee if the partnership would not have been entitled to recover the property under subsection 2 from any earlier transferee of the property.\n4.This section does not affect the power of a person dissociated as a general partner to bind a limited partnership under subsection 1 of section 45-10.2-60 and subsection 2 of section 45-10.2-70.","path":["Title 45 Partnerships","Chapter 45-10.2 Uniform Limited Partnership Act"],"source_url":"https://ndlegis.gov/cencode/t45c10-2.pdf","current_through":"2026-07-31T11:12:02","vintage":"","retrieved_at":"2026-09-02T21:04:14Z","sha256":"fa483cbb6ef2619f29eee9724711d07f9d1be5ac964cfdb77eb4df99d3dfefa5","source_id":"us-nd","stale":true,"prev":"us-nd/n.d.-cent.-code-45-10.2-44","next":"us-nd/n.d.-cent.-code-45-10.2-46"},"notice":"GroundRules: Original legal text. Not legal advice."}