1.__Transfer of interest.__A transfer, in whole or in part, of a partner's transferable interest in the partnership:

A.__Is permissible;

B.__Does not by itself cause the partner's dissociation or a dissolution and winding up of the partnership business; and

C.__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.

2.__Transferee of partner's interest.__A transferee of a partner's transferable interest in the partnership has a right:

A.__To receive, in accordance with the transfer, distributions to which the transferor would otherwise be entitled;

B.__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

C.__To seek under section 1081, subsection 6, a judicial determination that it is equitable to wind up the partnership business.

3.__Account of transaction to transferee.__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.

4.__Rights and duties retained.__Upon transfer, the transferor retains the rights and duties of a partner other than the interest in distributions transferred.

5.__Effect to transferee's rights; notice.__A partnership need not give effect to a transferee's rights under this section until the partnership has notice of the transfer.

6.__Transfer in violations.__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.