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2016 North Carolina General Statutes
Chapter 59 - Partnership.
Article 5 - Revised Uniform Limited Partnership Act.
§ 59-703 - Rights of creditor.
Universal Citation: NC Gen Stat § 59-703 (2016)
59-703. Rights of creditor.
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. The general partners shall have no liability to a partner for payments to a judgment creditor pursuant to this provision. To the extent so charged, the judgment creditor has only the rights of an assignee of the partnership interest. This Article does not deprive any partner of the benefit of any exemption laws applicable to his partnership interest. (1985 (Reg. Sess., 1986), c. 989, s. 2.)
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