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of <h1>Partner's Profit Share Transfer Allowed in LLPs; No Management Rights for Transferees Under LLP Act, 2008.</h1> Under the Limited Liability Partnership Act, 2008, a partner's rights to a share of profits, losses, and distributions in an LLP can be transferred wholly or partially. Such a transfer does not lead to the partner's disassociation or the LLP's dissolution. However, the transferee does not gain the right to participate in management or access LLP transaction information solely through the transfer.
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