Revised Laws of Saint Lucia (2021)

50.   Rights of assignee of share in partnership

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    (1)   An assignment by any partner of his or her share in the partnership, either absolute or by way of mortgage or redeemable charge, does not, as against the other partner entitle the assignee, during the continuance of the partnership, to interfere in the management or administration of the partnership business or affairs, or to require accounts of the partnership transactions, or to inspect partnership books, but entitles the assignee only to reissue the share of profits to which the assigning partner would otherwise be entitled, and the assignee must accept the account of profits agreed to by the partners.

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    (2)   In case of a dissolution of the partnership whether as respects all the partners or as respect assigning partner, the assignee is entitled to receive a share of the partnership assets to which the assigning partner is entitled as between himself or herself and the other partner and, for the purpose of ascertaining that share, to an a as from the date of the dissolution.