House Sponsors: CROSS. Short description: PARTNRSHP-ASSIGNMNT OF INTREST Synopsis of Bill as introduced: Amends the Revised Uniform Limited Partnership Act. Provides that an assignment of a partnership interest entitles the assignee to share in the financial gains or losses of the partnership, to the extent assigned. Provides that, unless otherwise provided in a partnership agreement: (i) the granting of an encumbrance against any of the partnership interest of a partner shall not cause the partner to cease to be a partner or have the rights of a partner, (ii) the assignee shall have no liability as a partner solely as a result of the assignment, and (iii) a limited partnership may acquire any partnership interest or other interest of a partner in the limited partnership. Last action on Bill: SESSION SINE DIE Last action date: 99-01-12 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status