What right does an assignee NOT have if they do not become a substituted limited partner?

An assignee who has not become a substituted limited partner does not have the right to inspect the partnership's books or accounts of partnership transactions. This limitation is rooted in the nature of the assignee's status; while they may have a financial interest in the profits and potentially certain distributions, they do not gain the full rights of a partner, which typically include access to internal records and decision-making processes.

The rights of an assignee primarily focus on the financial aspects of the partnership interests, such as receiving profits or distributions related to the share they are assigned. However, operational management and oversight rights, including the ability to inspect books and records, are reserved for actual partners involved in the partnership. Being an assignee does not equate to having all the privileges that a partner would have, particularly regarding the governance and transparency of partnership affairs.