ARTICLE 5. Transferees and Creditors of Partner [16501. - 16504.]

Article 5 added by Stats. 1996, Ch. 1003, Sec. 2.

§§ 16501–16504 · 4 sections

• § 16501 A partner is not a coowner of partnership property and has no interest in partnership property that can be transferred, either voluntarily or involuntarily.
• § 16502 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…
• § 16503 (a) A transfer, in whole or in part, of a partner’s transferable interest in the partnership is permissible. However, a transfer does not do either of the…
• § 16504 (a) On application by a judgment creditor of a partner or of a partner’s transferee, a court having jurisdiction may charge the transferable interest of the…