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The Vermont Statutes Online
Title
11
:
Corporations, Partnerships and Associations
Chapter
022
:
PARTNERSHIPS
Subchapter
005
:
TRANSFEREES AND CREDITORS OF PARTNER
§
3242. 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. (Added 1997, No. 149 (Adj.
Sess.), § 1, eff. Jan. 1, 1999.)