What approval is required to amend the agreement

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Reference no: EM133578946

Anderson has prepared the following amendment to the AB&C partnership agreement. What changes would you make to it? (Hint. Compare terminology of the amendment to that used in RUPA $101(9) ) What approval is required to amend the agreement?

Section 9 of the partnership agreement is hereby amended as follows: A partner may transfer his economic rights in his partnership interest without the consent of the other partners. A partner may transfer his management rights only with the consent of the other partners. A partner may encumber his economic rights only with the written consent of a majority

Reference no: EM133578946

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