Limitations on Assignment or Transfer Sample Clauses

Limitations on Assignment or Transfer. (i) No transfer or assignment of any Partnership Interest may be made if such transfer or assignment, together with all other transfers and assignments of Interest within the preceding twelve months would, in the opinion of counsel for the Partnership, result in a termination of the Partnership for purposes of Section 708 of the Internal Revenue Code of 1986 or any comparable provision then in effect. (ii) No transfer or assignment of any Partnership Interest may be made if, in the opinion of counsel for the Partnership, such transfer or assignment would violate the Securities Act of 1933, as amended, or applicable state securities laws or any other applicable provision of law in any respect. (iii) No transfer or assignment of any Partnership Interest may be made if, in the opinion of counsel for the Partnership, such transfer and assignment would cause the Partnership to be treated as an association taxable as a corporation rather than as a partnership subject to the provisions of Subchapter K of the Internal Revenue Code of 1986, or any comparable provision then in effect. (iv) In no event shall any Partnership Interest or any portion thereof be assigned or transferred to a minor or an incompetent or in violation of any State or Federal law. Any such attempted sale, transfer or assignment shall be void and ineffectual and shall not bind the Partnership or the General Partner.