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Session Laws, 1975
Volume 716, Page 1929   View pdf image
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MARVIN MANDEL, Governor

1929

PROPERTY IS NOT SUBJECT TO DOWER, CURTESY, OR AN
ALLOWANCE TO A SURVIVING SPOUSE, HEIR, OR NEXT OF KIN.

REVISOR'S NOTE: This section presently appears as
Art. 73A, §25.

In subsection (b)(4) of this section, the word
"the" is substituted for the word "such."

In subsection (b) (5) of this section, the term
"surviving spouse" is substituted for "widow";
this conforms with the provisions of CJ
§3-201.

No other changes are made.

9-503. NATURE OF PARTNER'S INTEREST IN THE PARTNERSHIP.

A PARTNER'S INTEREST IN THE PARTNERSHIP IS HIS SHARE
OF THE PROFITS AND SURPLUS, AND THE SAME IS PERSONAL
PROPERTY.

REVISOR'S NOTE: This section presently appears as
Art. 73A, §26.

No changes are made.

9-504. ASSIGNMENT OF PARTNER'S INTEREST.

(A)    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 PARTNERSHIP, TO INTERFERE IN THE
MANAGEMENT OR ADMINISTRATION OF THE PARTNERSHIP 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.

(B)    IN CASE OF A DISSOLUTION OF THE PARTNERSHIP,
THE ASSIGNEE IS ENTITLED TO RECEIVE HIS ASSIGNOR'S
INTEREST AND MAY REQUIRE AN ACCOUNT FROM THE DATE ONLY OF
THE LAST ACCOUNT AGREED TO BY ALL THE PARTNERS.

REVISOR'S NOTE: This section presently appears as
Art. 73A, §27.

No other changes are made.

9-505. PARTNER'S INTEREST SUBJECT TO CHARGING ORDER.

(A) ON DUE APPLICATION TO A COMPETENT COURT OF ANY

 

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Session Laws, 1975
Volume 716, Page 1929   View pdf image
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