14-8-27. Conveyance of partnership interest; dissolution of partnership.

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Current through: Including Acts of the 2025 Regular Session of the General Assembly.

(a)
Except as provided in the partnership agreement, a partnership interest is assignable in whole or in part.#
(b)
A conveyance by a partner of his interest in the partnership does not of itself dissolve the partnership, nor, 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.#
(c)
In case of a dissolution of the partnership, the assignee is entitled to receive his assignor’s interest and may require an account pursuant to Code Section 14-8-43 from the date only of the last account agreed to by all the partners.#

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

History

Code 1981, § 14-8-27, enacted by Ga. L. 1984, p. 1439, § 1.

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Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t14-(v12)-2017-pdf.pdf, Volume V12, 2017 edition, page 915; merge action: carried; file SHA-256 f2fad2b71b39.

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