48-1-24. Assignment of partner's interest.
A conveyance by a partner of his interest in the partnership does not of itself dissolve the
partnership, or, as against the other partners in the absence of agreement, entitle the assignee
during the continuance of the partnership to interfere in the management or administration of the
partnership business or affairs, or to require any information or account of partnership
transactions, or to inspect the partnership books; but it merely entitles the assignee to receive in
accordance with his contract the profits to which the assigning partner would otherwise be
entitled.
In case of a dissolution of a partnership, the assignee is entitled to receive his assignor's
interest, and may require an account from the date only of the last account agreed to by all the
partners.
No Change Since 1953
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Last revised: Wednesday, July 23, 2008