Wisconsin Statutes (Last Updated: January 10, 2017) |
Chapter 179. Uniform Limited Partnership Act |
SubChapter VII. ASSIGNMENT OF PARTNERSHIP INTERESTS |
Section 179.62. Assignment of partnership interest.
Latest version.
- Except as provided in the partnership agreement, a partnership interest is assignable in whole or in part. 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 his or her partnership interest.