Transferable partner interest allows assignment of profit and distribution rights without conferring management or information access. Partner economic rights in an LLP are transferable in whole or part, limited to shares of profits, losses and distributions under the LLP agreement; such transfers do not by themselves cause partner disassociation or LLP dissolution, nor do they confer management participation or access to LLP transactional information to the transferee.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Transferable partner interest allows assignment of profit and distribution rights without conferring management or information access.
Partner economic rights in an LLP are transferable in whole or part, limited to shares of profits, losses and distributions under the LLP agreement; such transfers do not by themselves cause partner disassociation or LLP dissolution, nor do they confer management participation or access to LLP transactional information to the transferee.
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