§ 10–702
Statutes in effect as of October 1, 2026.
Md. Code Ann., Corps. & Ass'ns § 10-702 (2026)
Title 10. Limited Partnership Act
Subtitle 7. Assignment of Partnership Interests
§ 10–702LinkCopy Citation
(a)
Unless otherwise provided in the partnership agreement, a partnership interest is assignable in whole or in part.
(b)
An assignment of a partnership interest does not dissolve a limited partnership or entitle the assignee to become a partner or, unless otherwise provided in the partnership agreement, exercise any rights of a partner.
(c)
Unless otherwise provided in the partnership agreement, an assignment entitles the assignee to receive, to the extent assigned, only the distributions to which the assignor would be entitled.
(d)
A partnership agreement may provide that a partnership interest may or shall be transferred or assigned in whole or in part to one or more persons, including on the occurrence of any of the events described in § 10–402 of this title, regardless of whether the persons to whom the interest is transferred or assigned are partners.