Title 45 — Partnerships
25 chapters · 216 sections in this title.
N.D.C.C. § 45-17-01 (501) Partner not co-owner of partnership property
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A partner is not a co-owner of partnership property and has no interest in partnership property which can be transferred, either voluntarily or involuntarily.
N.D.C.C. § 45-17-02 (502) Partner's transferable interest in partnership
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The only transferable interest of a partner in the partnership is the partner's share of the profits and losses of the partnership and the partner's right to receive distributions. The interest is personal property.
N.D.C.C. § 45-17-03 (503) Transfer of partner's transferable interest
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1. A transfer, in whole or in part, of a partner's transferable interest in the partnership: a. Is permissible; b. Does not by itself cause the partner's dissociation or a dissolution and winding up of the partnership business; and c. Does not, as against the other partners or th…
N.D.C.C. § 45-17-04 (504) Partner's transferable interest subject to charging order
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1. On application by a judgment creditor of a partner or of a partner's transferee and following notice to the partnership of such application, a court having jurisdiction may enter a charging order against the transferable interest of the judgment debtor for the unsatisfied amou…