Maryland Code § CA-9A-503

Section CA-9A-503
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(a) A transfer, in whole or in part, of a partner's transferable interest in the
partnership:
(1) Is permissible;
(2) Does not by itself cause the partner's dissociation or a dissolution
and winding up of the partnership business; and
(3) Does not, as against the other partners or the partnership, entitle
the transferee, during the continuance of the partnership, to participate in the
management or conduct of the partnership business, to require access to information
concerning partnership transactions, or to inspect or copy the partnership books or
records.
(b) A transferee of a partner's transferable interest in the partnership has
a right:
(1) To receive, in accordance with the transfer, distributions to which
the transferor would otherwise be entitled;
(2) To receive upon the dissolution and winding up of the partnership
business, in accordance with the transfer, the net amount otherwise distributable to
the transferor; and

(3) To seek under § 9A-801(6) of this title a judicial determination
that it is equitable to wind up the partnership business.
(c) In a dissolution and winding up, a transferee is entitled to an account of
partnership transactions only from the date of the latest account agreed to by all of
the partners.
(d) Upon transfer, the transferor retains the rights and duties of a partner
other than the interest in distributions transferred.
(e) A partnership need not give effect to a transferee's rights under this
section until it has notice of the transfer.
(f) A transfer of a partner's transferable interest in the partnership in
violation of a restriction on transfer contained in the partnership agreement is
ineffective as to a person having notice of the restriction at the time of transfer.
(g) A partnership agreement may provide that a partner's transferable
interest in the partnership may or shall be transferred or assigned in whole or in part
to one or more persons, including on the occurrence of any of the events described in
§ 9A-601 of this title, regardless of whether the persons to whom the interest is
transferred or assigned are partners.

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