Cal. Corp. Code § 16502

Current through the 2023 Legislative Session.
Section 16502 - Transferable interest of partner

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.

Ca. Corp. Code § 16502

Added by Stats. 1996, Ch. 1003, Sec. 2. Effective January 1, 1997.