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A partnership interest is transferred by a document called an Assignment of Interest whereby one partner assigns, transfers and conveys his ownership to the buyer/assignee of the interest. On your second question, it depends upon the terms of the partnership agreement...if the partnership agreement provides for a forfeiture of an interest in the event of a partner default, then you could force the forfeiture of the interest. Otherwise, you would need to file suit against the partner who owes the money, get a judgment against him, file a judgment lien against the partnership interest, and then take the interest to collect the judgment lien.
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