Charging Order Protections
Under the Uniform Partnership Act, a judgment creditor, as its exclusive remedy, may charge the debtor-partner’s partnership interest with payment of any unsatisfied debt with interest. This charging order constitutes a lien on the debtor-partner’s transferable partnership interest. To see this section of the Uniform Partnership Act, click here. Under the Uniform Limited Partnership Act, a judgment creditor may seek to charge the debtor-partner’s partnership interest with payment of any unsatisfied debts with interest. The judgment debtor has rights of an assignee of the debtor-partner’s transferable interest. To view this section of the Uniform Limited Partnership Act, click here.
New Mexico Business Acts
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