Illinois Compiled Statutes 805 Business Organizations: Article 7 - Transferable Interests and Rights of Transferees and Creditors

• Illinois Uniform Limited Partnership Act (2001). - 805 ILCS 215, Section 701
  Partner's transferable interest. The only interest of a partner which is transferable is the partner's transferable interest. A transferable interest is personal property. (Source: P.A....
• Illinois Uniform Limited Partnership Act (2001). - 805 ILCS 215, Section 702
  Transfer of partner's transferable interest. (a) A transfer, in whole or in part, of a partner's transferable interest: (1) is permissible; (2) does not by...
• Illinois Uniform Limited Partnership Act (2001). - 805 ILCS 215, Section 703
  Rights of creditor of partner or transferee. (a) On application to a court of competent jurisdiction by any judgment creditor of a partner or transferee,...
• Illinois Uniform Limited Partnership Act (2001). - 805 ILCS 215, Section 704
  Power of estate of deceased partner. If a partner dies, the deceased partner's personal representative or other legal representative may exercise the rights of a...

Last modified: February 18, 2015