Section 774 CAMA 2020
Section 774 Companies and Allied Matters Act is about Partner’s transferable interest. It is under Chapter 7 (Assignment and transfer of partnership rights) of the Act.
(1) Unless otherwise provided in the limited liability partnership agreement, the rights of a partner to a share of the profits and losses of a limited liability partnership and to receive distributions in accordance with the limited liability partnership agreement are transferable either wholly or in part.
(2) The transfer of any right by any partner under subsection (1) does not by itself cause the disassociation of the partner or a dissolution and winding-up of the limited liability partnership.
(3) The transfer of a right under this section does not, by itself, entitled
the transferee or assignee to participate in the management or conduct of the activities of the limited liability partnership, or grant access to information concerning the transactions of the limited liability partnership
