Partnerships Act 16 of 2012

Position of assignee of partner’s share

(1) An assignment of a share in a partnership shall not entitle the assignee to—
(a) participate in the management or administration of the partnership business or affairs; or
(b) inspect the partnership records.
(2) An assignee of a share in a partnership shall be entitled to receive—
(a) a share in the partnership profits if any, to which the assigning partner would be entitled; or
in the case of a dissolution of the partnership, the share of the entitlement of the assigning partner.
(3) A person to whom an assigning partner has assigned his share in the partnership may replace the assigning a partner only with the agreement of all the other partners.
Check the current authoritative text and amendment history before relying on a provision.

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