Limited Liability Partnerships Order, 2010 · s 14

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s 14Assignment of partner's interest in distributions

Unless otherwise provided in the limited liability partnership agreement, a partner may assign the whole or any part of his interest in the limited liability partnership, but only to the extent that the assignee becomes entitled to receive the distributions from the partnership that the partner would otherwise have been entitled to receive.

(2)

An assignment under subsection (1) shall not by itself-

(a}

cause the partner to cease being a partner of the limited liability partnership; and

(b)

entitle the assignee to interfere in the management of the limited liability partnership.