Partnerships Act

34. Position of assignee of partner’s share.

Edition: 2022-12-31 · In force

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34. Position of assignee of partner’s share.

(1)An assignment of a share in a partnership shall not entitle the assignee to—

(a)participate in the management or administration of the partnership business or affairs; or

(b)inspect the partnership records.

(2)An assignee of a share in a partnership shall be entitled to receive—

(a)a share in the partnership profits if any, to which the assigning partner would be entitled; or

(b)in the case of a dissolution of the partnership, the share of the entitlement of the assigning partner.

(3)A person to whom an assigning partner has assigned his share in the partnership may replace the assigning a partner only with the agreement of all the other partners.

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Source: Kenya Law