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.
Ark. Code Ann. § 4-46-502
Partner's transferable interest in partnership
Known as the Uniform Partnership Act
The act spans §§ 4–4 (71 sections).
Applied in 1 court decision — leading case 2014 Ark. App. 65 - Joshlin Bros. Irrigation v. Sunbelt Rental Inc. (2014)
Most recently applied in 2014 Ark. App. 65 - Joshlin Bros. Irrigation v. Sunbelt Rental Inc. (January 2014)
Acts 1999, No. 1518, § 502.
Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.