Assignees and Substituted Limited Partners. A. If a Limited Partner dies, the executor, administrator or trustee, or, if a Limited Partner is adjudicated incompetent or insane, the committee, guardian or conservator, or, if a Limited Partner becomes bankrupt, the trustee or receiver of the estate, shall have all the rights of a Limited Partner for the purpose of settling or managing the estate and such power as the decedent, incompetent, or bankrupt Limited Partner possessed to assign all or any part of the Units and to join with the assignee thereof in satisfying conditions precedent to such assignee becoming a Substituted Limited Partner. The death, dissolution, adjudication of incompetence or bankruptcy of a Limited Partner in and of itself shall not dissolve the Partnership.
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Samples: Fairfield Inn by Marriott LTD Partnership, Fairfield Inn by Marriott LTD Partnership, Marriott Diversified American Hotels L P
Assignees and Substituted Limited Partners. A. If a Limited Partner dies, the executor, administrator or trustee, or, if a Limited Partner is adjudicated incompetent or insane, the committee, guardian or conservator, or, if a Limited Partner becomes bankrupt, the trustee or receiver of the estate, shall have all the rights of a Limited Partner for the purpose of settling or managing the estate and such power as the decedent, incompetent, decedent or bankrupt Limited Partner incompetent possessed to assign all or any part of the Units and to join with the assignee thereof in satisfying conditions precedent to such assignee becoming a Substituted Limited Partner. The death, dissolution, adjudication of incompetence or bankruptcy of a Limited Partner in and of itself shall not dissolve the Partnership.
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Samples: Desert Springs Marriott Limited Partnership, Hanover Marriott Limited Partnership
Assignees and Substituted Limited Partners. A. If a Limited Partner dies, the his executor, administrator or trustee, or, if a Limited Partner he is adjudicated incompetent or insane(including by reason of insanity), the his committee, guardian or conservator, or, if a Limited Partner he becomes bankrupt, the receiver or trustee or receiver of the his estate, shall have all the rights of a Limited Partner for the purpose of settling or managing the his estate and such power as the decedent, incompetent, decedent or incompetent or bankrupt Limited Partner Person possessed to assign all or any part of the Units his Interest and to join with the assignee thereof in satisfying conditions precedent to such assignee becoming a Substituted Limited Partner. The death, dissolution, adjudication of incompetence or bankruptcy of a Limited Partner in and of itself shall not dissolve the Partnership.
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Samples: Arvida JMB Partners L P
Assignees and Substituted Limited Partners. A. If a Limited Partner dies, the executor, administrator or trustee, or, or if a Limited Partner is adjudicated incompetent or insane, the committee, guardian or conservator, or, if a Limited Partner becomes bankrupt, the trustee or receiver of the estate, shall have all the rights of a Limited Partner for the purpose of settling or managing the estate and such power as the decedent, incompetent, decedent or bankrupt Limited Partner incompetent possessed to assign all or any part of the Units and to join with the assignee thereof in satisfying conditions precedent to such assignee becoming a Substituted Limited Partner. The death, dissolution, adjudication of incompetence or bankruptcy of a Limited Partner in and of itself shall not dissolve the Partnership.
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