§ 59-57. Assignment of partner's interest. - North Carolina Statutes

§59‑57.  Assignment of partner's interest.

(a)        A conveyance by apartner of his interest in the partnership does not of itself dissolve thepartnership, nor, as against the other partners in the absence of agreement,entitle the assignee, during the continuance of the partnership, to interferein the management or administration of the partnership business or affairs, orto require any information or account of partnership transactions, or toinspect the partnership books; but it merely entitles the assignee to receivein accordance with his contract the profits to which the assigning partnerwould otherwise be entitled.

(b)        In case of adissolution of the partnership, the assignee is entitled to receive hisassignor's interest and may require an account from the date only of the lastaccount agreed to by all the partners. (1941, c. 374, s. 27.)