Under both UPA and RUPA the assignment by a partner of all or part of his interest works only to grant the assignee whatever profits the assignor would have received.

Question

Quizplus · Accepted Answer

This statement is true. Both the Uniform Partnership Act (UPA) and the Revised Uniform Partnership Act (RUPA) state that an assignment by a partner of all or part of their interest in the partnership only grants the assignee the right to receive the assignor's share of profits and losses. The assignee does not become a partner and does not have any management or voting rights in the partnership.

Under Both UPA and RUPA the Assignment by a Partner