Partner's transferable interest in partnership

Checkout our iOS App for a better way to browser and research.

§ 3242. Partner's transferable interest in partnership

The only transferable interest of a partner in the partnership is the partner's share of the profits and losses of the partnership and the partner's right to receive distributions. The interest is personal property. (Added 1997, No. 149 (Adj. Sess.), § 1, eff. Jan. 1, 1999.)


Download our app to see the most-to-date content.