On application by a judgment creditor of a partner or of a partner's transferee, a court having jurisdiction may charge the transferable interest of the judgment debtor to satisfy the judgment. The court may appoint a receiver of the share of the distributions due or to become due to the judgment debtor in respect of the partnership and make all other orders, directions, accounts, and inquiries the judgment debtor might have made or which the circumstances of the case may require.
A charging order constitutes a lien on the judgment debtor's transferable interest in the partnership. The court may order a foreclosure of the interest subject to the charging order at any time. The purchaser at the foreclosure sale has the rights of a transferee.
At any time before foreclosure, an interest charged may be redeemed:
This chapter does not deprive a partner of a right under exemption laws with respect to the partner's interest in the partnership.
This section provides the exclusive remedy by which a judgment creditor of a partner or partner's transferee may satisfy a judgment out of the judgment debtor's transferable interest in the partnership.
Structure Mississippi Code
Title 79 - Corporations, Associations, and Partnerships
Chapter 13 - Uniform Partnership Act (1997)
Article 5 - Transferees and Creditors of Partner
§ 79-13-501. Partner not co-owner of partnership property
§ 79-13-502. Partner's transferable interest in partnership
§ 79-13-503. Transfer of partner's transferable interest
§ 79-13-504. Partner's transferable interest subject to charging order
§ 79-13-505. Enforceability of limitations on assignments of partnership interests