N.J.S.A. 42:1A-28

Transferable interest of partner

42:1A-28. Transferable interest of partner 28. 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. L.2000,c.161,s.28.

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This is the verbatim text of N.J.S.A. 42:1A-28, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.