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.
Mo. Rev. Stat. § 359.411
Assignment of partnership interest — rights of assignee
Known as the Missouri Revised Uniform Limited Partnership Act
The act spans §§ 359–359 (71 sections).
Effective: 01 Jan 1987, see footnote; (L. 1985 H.B. 512 & 650)
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.