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540 PARTNERSHIP. [ART. LXXIIIA
(2) his interest in the partnership, and (3) his right to participate in
the management.
1916, ch 175, sec. 25.
25. (NATURE OF A PARTNER'S EIGHT IN SPECIFIC PARTNERSHIP
PROPERTY.)
(1) A partner is co-owner with his partners of specific partnership
property holding as a tenant in partnership.
(2) The incidents of this tenancy are such that:
(a) A partner, subject to the provisions of this article and to any
agreement between the partners, has an equal right with his partners to
possess specific partnership property for partnership purposes; but he
has no right to possess such property for any other purpose without the
consent of his partners.
(b) A partner's right in specific partnership property is not assign-
able except in connection with the assignment of the rights of all the
partners in the same property.
(c) A partner's right in specific partnership property is not subject
to attachment or execution, except on a claim against the partnership.
When partnership property is attached for a partnership debt the part-
ners, or any of them, or the representative of a deceased partner, can-
not claim any right under the homestead or exemption laws.
(d) On the death of a partner his right in specific partnership prop-
erty vests in the surviving partner or partners, except where the deceased
was the last surviving partner, when his right in such property vests in
his legal representative. Such surviving partner or partners, or the
legal representative of the last surviving partner, has no right to possess
the partnership property for any but a partnership purpose.
(e) A partner's right in specific partnership property is not subject
to dower, curtesy, or allowances to widows, heirs, or. next of kin.
1916. ch. 175, sec. 26.
26. (NATURE OF PARTNER'S INTEREST IN THE PARTNERSHIP.) A
partner's interest in the partnership is his share of the profits and sur-
plus, and the same is personal property.
1916. ch. 175, sec. 27.
27. (ASSIGNMENT OF PARTNER'S INTEREST.) (1) A conveyance
by a partner of his interest in the partnership does not of itself dissolve
the partnership, nor, as against the other partners in the absence of
agreement, entitle the assignee, during the continuance of the partner-
ship, to interfere in the management or administration of the partner-
ship business or affairs, or to require any information or account of
partnership transactions, or to inspect the partnership books; but it
merely entitles the assignee to receive in accordance with his contract
the profits to which the assigning partner would otherwise be entitled.
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