On application to a court of competent jurisdiction by any judgment creditor of a partner, the court may charge the partnership interest of the partner with payment of the unsatisfied amount of the judgment with interest. To the extent so charged, the judgment creditor has only the rights of an assignee of the partnership interest. This chapter does not deprive any partner of the benefit of any exemption laws applicable to the partner’s partnership interest.
ORS 70.295
Known as the Uniform Limited Partnership Act
The act spans §§ 70–70 (90 sections).
Applied in 1 court decision — leading case Law ex rel. Robert M. Law Profit Sharing Plan v. Zemp (2016)
Most recently applied in Law ex rel. Robert M. Law Profit Sharing Plan v. Zemp (May 2016)
1985 c.677 §42
Official source: Oregon State Legislature. Reproduced from public-domain Oregon statutes; confirm against the official source for the current text. Not legal advice.