Section 10A-8-5.02

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.

(Acts 1996, No. 96-528, p. 685, §1; §10-8A-502; amended and renumbered by Act 2009-513, p. 967, §256.)