{"data":{"id":"us-nj/n.j.-stat.-42-2a-47","jurisdiction":"us-nj","citation":"N.J. Stat. § 42:2A-47","heading":"Assignment of partnership interest; rights of assignee","body":"Assignment of partnership interest; rights of assignee.  Except as provided in the partnership agreement, a partnership interest is assignable in whole or in part.  An assignment of a partnership interest does not dissolve a limited partnership or entitle the assignee to become or to exercise any rights of a partner.  An assignment entitles the assignee to receive, to the extent assigned, only the distribution to which the assignor would be entitled.  Except as provided in the partnership agreement, a partner ceases to be a partner upon assignment of all his partnership interest. Notwithstanding the foregoing, a general partner who assigns all of his general partnership interest shall cease to be a general partner only upon the filing of a certificate reflecting that fact in accordance with this chapter.\nL. 1983, c. 489, s. 46; amended 1988,c.130,s.24.","path":["TITLE 42 PARTNERSHIPS AND PARTNERSHIP ASSOCIATIONS"],"source_url":"https://pub.njleg.state.nj.us/statutes/STATUTES-TEXT.zip","current_through":"P.L.2025, c.405, and J.R.22","vintage":"","retrieved_at":"2026-08-27T17:54:13Z","sha256":"1b9d2371598c62f95765672119abdbbf0d4e7b1708a31fb24359bea5ec5570c5","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-42-2a-46","next":"us-nj/n.j.-stat.-42-2a-48"},"notice":"GroundRules: Original legal text. Not legal advice."}