Vermont § 3462 - Assignment of partnership interest Except as provided in the partnership agreement, a partnership interest is assignable in whole or in part
Full text of Vermont Vermont Statutes Online § 3462 — Assignment of partnership interest Except as provided in the partnership agreement, a partnership interest is assignable in whole or in part, with citation guidance and answers to common questions.
§ 3462. Assignment 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 his or her partnership interest. (Added 1997, No. 149 (Adj. Sess.), § 4, eff. Jan. 1, 1999.)
Source: official Vermont text · Last verified 2026-08-27
Frequently Asked Questions About Vermont § 3462
What does Vermont Statutes Online § 3462 cover?
Section 3462 ("Assignment of partnership interest Except as provided in the partnership agreement, a partnership interest is assignable in whole or in part") is part of the Vermont Statutes Online, the codified statutory law of Vermont. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Vermont § 3462?
A common citation format is "Vermont Statutes Online § 3462" (Vermont). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Vermont law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.
How does Vermont § 3462 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Vermont.