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of <h1>Transferee of Partner's Interest Limited to Profits, No Business Role or Book Access; Rights Activate on Dissolution.</h1> A transferee of a partner's interest in a partnership firm, whether through absolute transfer, mortgage, or charge creation, is not entitled to participate in the business operations, demand accounts, or inspect the firm's books during the firm's continuation. The transferee is only entitled to receive the transferring partner's share of profits as agreed upon by the partners. If the firm dissolves or the transferring partner exits, the transferee can claim the transferring partner's share of the firm's assets and request an account from the dissolution date.
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