When a general partner sells his or her partnership interests, the purchaser:
A) is granted automatic partnership by operation of law.
B) is granted partnership only after he divests all interests in other general partnerships.
C) does not become a partner until he or she is nominated by the director and unanimously accepted by other members.
D) does not become a partner until he or she is unanimously accepted by the other partners.

Question

Quizplus · Accepted Answer

General partners can sell their partnership interests, but the purchaser does not become a partner unless he or she is accepted unanimously by the other general partners into what is essentially a new partnership.

When a General Partner Sells His or Her Partnership Interests