Oregon Code § 70.290·Enacted ·Last updated March 01, 2026
Statute Text
Assignability of partnership interest.
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 the partners partnership
interest. [1985 c.677 §41]
Plain English Explanation
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 70.290
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
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