Unless otherwise 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 a partner or, unless otherwise provided in the partnership agreement, exercise any rights of a partner. Unless otherwise provided in the partnership agreement, an assignment entitles the assignee to receive, to the extent assigned, only the distributions to which the assignor would be entitled.
Structure Maryland Statutes
Title 10 - Limited Partnership Act
Subtitle 7 - Assignment of Partnership Interests
Section 10-701 - Nature of Partnership Interest
Section 10-702 - Assignment of Partnership Interest
Section 10-703 - Right of Assignee to Become Limited Partner
Section 10-704 - Death, Incompetency, Insolvency, or Termination of a General Partner