Ariz. Rev. Stat. » Title 29
Arizona Revised Statutes

Ariz. Rev. Stat. § 29-340 (2026)

Assignment of partnership interest

✓ current as of May 2026
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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 partnership interest.

Notes of Decisions
Cited in 2 cases, 1988–1999 · leading case: Sertich v. Moorman, 767 P.2d 34 (Ariz. Ct. App. 1988).
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Sertich v. Moorman, 767 P.2d 34 (Ariz. Ct. App. 1988). · cites it 2× “They did not receive an assignment of his “partnership interest” in the sense of his right to recover the totality of his share of the profits and losses of 1 CCP and a right to distribution of various assets that the partnership might own. There was no transfer of the…”
Est. of Nowell v. Comm'r, 1999 T.C. Memo. 15 (Tax Ct. 1999). “A partner in an Arizona limited partnership cannot, however, confer to an assignee the rights to exercise the powers of a partner, unless provided otherwise in the partnership agreement.”
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