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    <title>Rights of transferee of a partner&#039;s interest</title>
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    <description>A transfer, mortgage or charge of a partner&#039;s interest does not confer authority to participate in firm management, to compel accounts, or to inspect books during the partnership&#039;s continuance; the transferee is entitled only to the transferring partner&#039;s share of profits and must accept the profit account agreed by the partners. If the firm is dissolved or the partner ceases to be a partner, the transferee is entitled against remaining partners to receive the transferring partner&#039;s share of the assets and to an account from the date of dissolution.</description>
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    <pubDate>Sat, 19 Jan 2008 22:45:54 +0530</pubDate>
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      <title>Rights of transferee of a partner&#039;s interest</title>
      <link>https://www.taxtmi.com/acts?id=7444</link>
      <description>A transfer, mortgage or charge of a partner&#039;s interest does not confer authority to participate in firm management, to compel accounts, or to inspect books during the partnership&#039;s continuance; the transferee is entitled only to the transferring partner&#039;s share of profits and must accept the profit account agreed by the partners. If the firm is dissolved or the partner ceases to be a partner, the transferee is entitled against remaining partners to receive the transferring partner&#039;s share of the assets and to an account from the date of dissolution.</description>
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      <pubDate>Sat, 19 Jan 2008 22:45:54 +0530</pubDate>
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