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What's New Important due dates for the month of September 2021     

26. Assignment of interests

(1) Unless otherwise provided in the limited liability partnership agreement, a partner may assign the whole or any part of that partner's interest in the distribution from the limited liability partnership but only to the extent that the partner would have been entitled to receive.

(2) An assignment under subsection (1) shall not by itself-

   (a) cause the partner to cease being a partner of the limited liability partnership; and

   (b) entitle the assignee to interfere in the management of the limited liability partnership.

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