Conveyance of Partnership Interest; Dissolution of Partnership

  1. Law
  2. Georgia Code
  3. Corporations, Partnerships, and Associations
  4. Partnerships
  5. Conveyance of Partnership Interest; Dissolution of Partnership

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  1. Except as provided in the partnership agreement, a partnership interest is assignable in whole or in part.
  2. A 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, or 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.
  3. In case of a dissolution of the partnership, the assignee is entitled to receive his assignor's interest and may require an account pursuant to Code Section 14-8-43 from the date only of the last account agreed to by all the partners.

(Code 1981, §14-8-27, enacted by Ga. L. 1984, p. 1439, § 1.)

RESEARCH REFERENCES

Am. Jur. 2d.

- 59A Am. Jur. 2d, Partnership, §§ 258 et seq., 507 et seq.

C.J.S.

- 68 C.J.S., Partnership, §§ 293, 294, 295.

ALR.

- Sale or transfer of interest by partner as dissolving partnership, 75 A.L.R.2d 1036.


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