The only interest of a partner which is transferable is the partner’s transferable interest. A transferable interest is personal property.
Ala. Code § 10A-8A-5.01
Partner’s Transferable Interest in Partnership.
Known as the Alabama Business and Nonprofit Entity Code
The act spans §§ 10A-1-1.01 to 10A-9A-9.09 (1,341 sections).
(Act 2018-125, §7.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.