2018 South Carolina Code of Laws
Title 33 - Corporations, Partnerships and Associations
CHAPTER 41 - UNIFORM PARTNERSHIP ACT
Section 33-41-740. Effect of assignment of partner's interest in partnership.
(1) The conveyance by a partner of his interest in the partnership does not of itself dissolve the partnership nor, as against the other partners in the absence of agreement, entitle the assignee, during the continuance of the partnership, to interfere in the management or administration of the partnership business or affairs, to require any information or account of partnership transactions or to inspect the partnership books; but it merely entitles the assignee to receive in accordance with his contract the profits to which the assigning partner would otherwise be entitled.
(2) In case of a dissolution of the partnership, the assignee is entitled to receive his assignor's interest and may require an account from the date only of the last account agreed to by all partners.
HISTORY: 1962 Code Section 52-54; 1952 Code Section 52-54; 1950 (46) 1841.
