Except as provided in the partnership agreement, a partnership interest is assignable in whole or in part. An assignment of a partnership interest does not dissolve a limited partnership or entitle the assignee to become or to exercise the rights of a partner. An assignment entitles the assignee to receive, to the extent assigned, only the distribution to which the assignor would be entitled. Except as provided in the partnership agreement, a partner ceases to be a partner upon assignment of all of the partner's partnership interest.
Structure Alaska Statutes
Chapter 11. Uniform Limited Partnership Act
Article 6. Nature of and Assignment of Partnership Interests.
Sec. 32.11.320. Nature of partnership interest.
Sec. 32.11.330. Assignment of partnership interest.
Sec. 32.11.340. Rights of creditor.
Sec. 32.11.350. Right of assignee to become limited partner.
Sec. 32.11.360. Power of estate of deceased or incompetent partner.