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Home My WebLink About0753 shall mean, for convenienc~, and unless the context de~ands otherwise, to sell, transfer, assign, pledge, encumber, mortgage ~r otherwise hypothecate such Units; related nouns and pronouns shall have similar meanings. B. No assignment of a Limited Partner's interest, or any part thereof, though otherwise permitted hereunder, shall be valid and effective, and the Limited Partnership shall not recognize the same for the purposes of making payment of profits, income, return of contribut~on~, or ~ other distribution with respect to such~interest or part ~ thereof, unless and until there be filed with the General Part~er an instrument in writing, in a form approved by legal counsel to the ~imited Partnership, subscribed by both parties to the assignment, each of whose signatures is to be tritnessed by two witnesses, and unless 2nd until . the Li~it~d Partnership shall have delivered to the assignee an ackne~:~~dgment in writing of the recordation of the assig~re~~ on the books of the Lim~ted Partnership. The forn 2~p~o•~~d by the legal co~nsel may require that the Lini~ed :~rtnershig receive the opinion of its~counsel that any suc~ ~ssignment of a Limited Partnership interest is ~ ~ in compl=~zce with all federal and state securities laws i ~ applicablz thereto. A fee may be charged, in the discretion ~ ~ ~ of the General Partner, by the Limited Partnership which ~ is suFficient to cover all reasonable expenses connected with such assignment. C. An assignee who shall not become a Substituted ~ Limited Partner in the manner as hereinafter provided is ~ not a Mer~ber and has no right ~o require any information or ~ aceount of the Limited Partnership transactions or to inspec~ ~ - - r the Limited Partnership books, and he shall be charged w~~?~ ~ ~ the losses and shall be entit3ed to receive only the sha»e ~ ; ~ of net profits, or the return of his contribution to which ~ - a # his assignor ~rould otherwise :~e er.titled c.ith respec~ te ~ ~ ~ Units which shaZl have ~s~r ?~si~ned. ~ . ~ UR ~ ~oox 2~3J ~+t~E 741 ~ : ~ -9- ~ _