20-34.Transfer of interest in a Master Limited Partnership is through an instrument such as:

Question

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Transfer of interest in a Master Limited Partnership (MLP) is typically done through an assignment of beneficial units, which represents ownership in the partnership. MLPs are not structured like corporations, so they do not have traditional stock or bond offerings. While a stockbroker may be able to help facilitate the transfer of MLP interests, they do not typically trade on traditional stock exchanges like other securities. Therefore, the best choice for transferring an interest in an MLP is through an assignment of beneficial units.

20-34Transfer of Interest in a Master Limited Partnership Is Through