Mich. Comp. Laws § 449.1702
Partnership interest; assignment; effect.
Michigan · Michigan Compiled Laws — MICHIGAN REVISED UNIFORM LIMITED PARTNERSHIP ACT (Act 213 of 1982) · Status: effective
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- Mich. Comp. Laws § 449.1702, Partnership interest; assignment; effect, Michigan, version 1 as recorded 2026-08-18, yourstate.us, https://yourstate.us/provision/1363387
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Full text
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.