(SB 77)
Exclusive remedy for judgment creditors of limited liability partnerships.
Section
1.
That
§
48-7-703
be amended to read as follows:
48-7-703.
On application to a court of competent jurisdiction by any judgment creditor of a
partner, the court may charge the partnership interest of the partner with payment of the unsatisfied
amount of the judgment with interest. To the extent so charged, the judgment creditor has only the
rights of an assignee of the partnership interest. This chapter does not deprive any partner of the
benefit of any exemption laws applicable to
his
the partner's
partnership interest.