Corporations Code § 16502

ARTICLE 5. Transferees and Creditors of Partner

Current as of September 28, 2026Corp. Code, § 16502Official source ↗

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

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.