Partnerships Act 16 of 2012

Power of Court to make order charging partner’s share

(1) The Court may, on the application by a judgment creditor of a partner, make an order charging that partner’s interest in the partnership property and profits with payment of the judgement debt and interest thereon.
(2) The Court may, by the same or a subsequent order—
(a) appoint a receiver of the partner’s share of profits and of any other money which may come to the partner in respect of the partnership;
(b) give such directions for the taking of accounts and inquiries as it could have given if the charge had been made in favour of the judgment creditor by the partner.
(3) The other partners in the partnership may at any time redeem the interest charged, or, where a sale is directed by the Court, purchase the partner’s interest in the share.
Check the current authoritative text and amendment history before relying on a provision.

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