UTAH CODE (Last Updated: January 16, 2015) |
Title 48. Partnership |
Chapter 1. General and Limited Liability Partnerships |
Part 1. General Partnership |
§ 48-1-24. Assignment of partner's interest.
Latest version.
- A conveyance by a partner of his interest in the partnership does not of itself dissolve the partnership, or, 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.
In case of a dissolution of a partnership, the assignee is entitled to receive his assignor's interest, and may require an account from the date only of the last account agreed to by all the partners.
No Change Since 1953