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.
N.H. Rev. Stat. Ann. § 304-B:40
Assignment of Partnership Interest
Known as the Uniform Limited Partnership Act
The act spans §§ 304-B:1 to 304-B:9-a (81 sections).
Applied in 2 court decisions — leading case Associates of Hampton v. J (2005)
Most recently applied in Associates of Hampton v. J (March 2005)
Source. 1987, 349:1, eff
Official source: New Hampshire General Court. Reproduced from public-domain New Hampshire statutes; confirm against the official source for the current text. Not legal advice.