CROSS. 805 ILCS 210/702 from Ch. 106 1/2, par. 157-2 Amends the Revised Uniform Limited Partnership Act. Provides that an assignment of a partnership interest entitles the assignee to share in the financial gains or losses of the partnership, to the extent assigned. Provides that, unless otherwise provided in a partnership agreement: (i) the granting of an encumbrance against any of the partnership interest of a partner shall not cause the partner to cease to be a partner or have the rights of a partner, (ii) the assignee shall have no liability as a partner solely as a result of the assignment, and (iii) a limited partnership may acquire any partnership interest or other interest of a partner in the limited partnership. 98-02-17 H FILED WITH CLERK 98-02-17 H FIRST READING 98-02-17 H REFERRED TO HOUSE RULES COMMITTEE RULES 99-01-12 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary