Section 53. Assignment of partner's interest  


Latest version.
  • 1. 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.
        2.  In  case  of  a  dissolution  of  the partnership, the assignee is
      entitled to receive his assignor's interest and may require  an  account
      from the date only of the last account agreed to by all the partners.