805 ILCS 206/502

Current through Public Act 103-1052
Section 805 ILCS 206/502 - 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.

805 ILCS 206/502

P.A. 92-740, eff. 1/1/2003.