Does a purchaser of a charged liquor store partnership interest have a right to participate in the application for a renewal of the license?

California, United States of America


The following excerpt is from Hellman v. Anderson, 233 Cal.App.3d 840, 284 Cal.Rptr. 830 (Cal. App. 1991):

The limited nature of the interest being sold was emphasized in Beckley v. Speaks, supra, 240 N.Y.S.2d 553. That case held that, under the Uniform Partnership Act provisions, the purchaser of a charged liquor store partnership interest acquired only the debtor partner's share of profits and surplus and did not acquire any interest in specific partnership property or any right to participate as partner in applying for renewal of the liquor license. (Id. at pp. 556-557.)

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