[Home] [Databases] [World Law] [Search] [Feedback]
	Northern Irish Legislation
You are here:  BAILII >> Databases >> Northern Irish Legislation >> PARTNERSHIP ACT 1890

[Index] [Table] [Search] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

PARTNERSHIP ACT 1890 - SECT 31

Rights of assignee of share in partnership.

31.(1) An assignment by any partner of his share in the partnership, either
absolute or by way of mortgage or redeemable charge, does not, as against the
other partners, 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 accounts of the partnership
transactions, or to inspect the partnership books, but entitles the assignee
only to receive the share of profits to which the assigning partner would
otherwise be entitled, and the assignee must accept the account of profits
agreed to by the partners.

(2) In case of a dissolution of the partnership, whether as respects all the
partners or as respects the assigning partner, the assignee is entitled to
receive the share of the partnership assets to which the assigning partner is
entitled as between himself and the other partners, and, for the purpose of
ascertaining that share, to an account as from the date of the dissolution.

Dissolution by expiration or notice.

© 1890 Crown Copyright

BAILII: Copyright Policy | Disclaimers | Privacy Policy | Feedback
URL: http://www.bailii.org/nie/legis/num_act/pa1890154/s31.html