Family Partnership Transfer Denial: Prudent Governance or Retained Control Trap?

Good morning. I need to walk through a transaction that's come up and figure out how to handle it as General Partner. My daughter Sarah's husband James wants to buy into the partnership. He's offering to purchase a 5% LP interest — half of Sarah's current 10% — at a price they've negotiated between themselves. Sarah came to me last week and asked if I'd approve the transfer as GP under Article 9.…