Section 111. Rights of creditors of limited partner  


Latest version.
  • (1) On due application
      to  a  court  of  competent  jurisdiction  by any judgment creditor of a
      limited partner, the court may  charge  the  interest  of  the  indebted
      limited  partner  with payment of the unsatisfied amount of the judgment
      debt; and may appoint a receiver, and make all other orders, directions,
      and inquiries which the circumstances of the case may require.
        (2) The interest may be redeemed with the  separate  property  of  any
      general partner, but may not be redeemed with partnership property.
        (3)  The  remedies  conferred by subdivision one of this section shall
      not be deemed exclusive of others which may exist.
        (4) Nothing in this act shall be held to deprive a limited partner  of
      his statutory exemption.