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Partnership interest; assignment; effect.

MCL 449.1702
in effect
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449.1702. Partnership interest; assignment; effect. Sec. 702. Except as provided in the partnership agreement: (i) a partnership interest is assignable in whole or in part; (ii) 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; (iii) an assignment entitles the assignee to receive, to the extent assigned, only the distribution to which the assignor would be entitled. 1982, Act 213, Eff. Jan. 1, 1983
Source: Michigan Legislature (legislature.mi.gov)URL: https://legislature.mi.gov/Laws/MCL?objectName=mcl-449-1702Fetched: 10/20/2026

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