(1) An assignment by
any partner of his share in the partnership, either absolute or by way of
mortgage, does not, as against the other partners, 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 any
accounts of the partnership transactions, or to inspect the partnership books,
but entitles the assignee only to receive 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.
(2) In case of a
dissolution of the partnership, whether as respects all the partners, or as
respects the assigning partner, the assignee is entitled to receive the share
of the partnership assets to which the assigning partner is entitled as
between himself and the other partners, and, for the purpose of ascertaining
that share, to an account as from the date of the dissolution.
[Heading inserted: No. 19 of 2010 s. 44(2).]