91st General Assembly
Summary of HB0478
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House Sponsors:
CROSS.

Senate Sponsors:
RADOGNO

Short description: 
PARTNRSHP-ASSIGNMNT OF INTREST                                             

Synopsis of Bill as introduced:
        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.                                                                
 
Last action on Bill: PUBLIC ACT.............................. 91-0762

   Last action date: 00-06-09

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


   END OF INQUIRY 



 Full Text  Bill Status