View Our Newest Version Here

2012 Utah Code
Title 48 - Partnership
Article 2a - Utah Revised Uniform Limited Partnership Act
Section 702 - Assignment of partnership interest.


UT Code § 48-2a-702 (2012) What's This?

48-2a-702. Assignment of partnership interest.

Except as provided in the partnership agreement, a partnership interest is assignable in whole or in part. Except as set forth in Subsection 48-2a-801(4), an assignment of a partnership interest does not dissolve a limited partnership or entitle the assignee to become or to exercise any rights of a partner. An assignment entitles the assignee to receive, to the extent assigned, only the distribution to which the assignor would be entitled. Except as provided in the partnership agreement, a partner ceases to be a partner upon assignment of all of his partnership interest.


Amended by Chapter 189, 1991 General Session

Repealed by Chapter 353, 2011 General Session

Disclaimer: These codes may not be the most recent version. Utah may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.