Victorian Consolidated Legislation

Partnership Act 1958 - SECT 69

Change in partners

69. Change in partners



(1) A limited partner may, with the consent of the general partners, assign
the limited partner's share in the limited partnership. In that case the
assignee is taken to be a limited partner in substitution for the assignor
with all the rights and obligations of the assignor.

(2) A person may be admitted as a partner in a limited partnership without the
necessity to obtain the consent of any limited partner.

(3) The provisions of this section may be varied by the partnership agreement
or the consent of the partners.

Division 6-Dissolution and cessation of limited partnerships