Long Beach California Provision Dealing with Changes in Share Ownership of Corporations and Changes in Share Ownership of Partnership

State:
Multi-State
City:
Long Beach
Control #:
US-OL203B
Format:
Word; 
PDF
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Description

This office lease provision states that it is an unpermitted assignment for partners to have a change in their share of partnership ownership and thus a default under the lease. Generally, this type of change in ownership is couched in those provisions dealing with changes in share ownerships of corporations.

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Long Beach California Provision Dealing with Changes in Share Ownership of Corporations and Changes in Share Ownership of Partnership