W. Va. Code § 47-9-40
Assignment of partnership interest
West Virginia · West Virginia Code Chapter 47 — Regulation of Trade · Status: effective
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- Citation
- W. Va. Code § 47-9-40, Assignment of partnership interest, West Virginia, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2388477
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Full text
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 partnership interest.