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Source Civil Procedure Complete MEE Subjects List Showing the closest available flashcard practice.

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0 tracked cards Business Associations

A judgment creditor of a limited partner wants to collect a personal judgment by taking the LP's delivery vans and voting the limited partner's interest to sell the business.
What is the creditor's usual remedy against the limited partner's interest?

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The personal creditor may usually obtain a charging order against the debtor partner's transferable interest. The personal creditor becomes a limited partner and may vote the debtor's interest. The personal creditor receives management rights because every creditor is an owner. The personal creditor automatically becomes the LP's general partner.

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