Ms. Wall is a limited partner of the Amalgamated Limited Partnership. She is insolvent, and her debts exceed her assets by $28,000. Goldsmith, one of Wall's largest creditors, is resorting to legal process to obtain the payment of Wall's debt to him. Goldsmith has obtained a charging order against Wall's limited partnership interest for the unsatisfied amount of the debt. As a result of Goldsmith's action, which of the following will happen?
A. The partnership will be dissolved.
B. Wall's partnership interest must be redeemed with partnership property.
C. Goldsmith automatically becomes a substituted limited partner.
D. Goldsmith becomes in effect an assignee of Wall's partnership interest.
Answer: D. Goldsmith becomes in effect an assignee of Wall's partnership interest.
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