If a partner dies, the deceased partner’s personal representative or other legal representative may exercise the rights of a transferee as provided in Section 15907.02 and, for the purposes of settling the estate, may exercise the rights of a current limited partner under Section 15903.04.
Cal. Corp. Code § 15907.04
Transferable Interests and Rights of Transferees and Creditors
Known as the Uniform Limited Partnership Act
The act spans §§ 15900–15912 (125 sections).
Added by Stats. 2006, Ch. 495, Sec. 20
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.