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Section 10-702 - Assignment of Partnership Interest — Maryland Law | CourtGPT
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Maryland Legal Code

Section 10-702 - Assignment of Partnership Interest

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(a) Unless otherwise provided in the partnership agreement, a partnership interest is assignable in whole or in part. (b) An assignment of a partnership interest does not dissolve a limited partnership or entitle the assignee to become a partner or, unless otherwise provided in the partnership agreement, exercise any rights of a partner. (c) Unless otherwise provided in the partnership agreement, an assignment entitles the assignee to receive, to the extent assigned, only the distributions to which the assignor would be entitled. (d) A partnership agreement may provide that a partnership interest may or shall be transferred or assigned in whole or in part to one or more persons, including on the occurrence of any of the events described in § 10–402 of this title, regardless of whether the persons to whom the interest is transferred or assigned are partners.