State Codes and Statutes
Statutes > Alabama > Title10 > Chapter8A > 10-8A-502Section 10-8A-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.
(Acts 1996, No. 96-528, p. 685, §1.)