                                 CODE OF VIRGINIA

ASSIGNMENT OF PARTNERSHIP INTEREST (§ 50-73.45)

Except as provided in the partnership agreement, a partnership interest is
assignable in whole or in part. An assignment of a partnership interest does not
dissolve a limited partnership or entitle the assignee to become or to exercise
any rights of a partner. An assignment entitles the assignee to receive, to the
extent assigned, only the distribution to which the assignor would be entitled.
Except as provided in the partnership agreement, a partner ceases to be a
partner upon assignment of all his partnership interest.

HISTORY: 1985, c. 607.