§3242. Partner's transferable interest in partnership

Link to law: http://legislature.vermont.gov/statutes/section/11/022/03242
Published: 2015

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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.)