The only interest of a partner which is transferable is the partner’s transferable interest. A transferable interest is personal property.
Cal. Corp. Code § 15907.01
Transferable Interests and Rights of Transferees and Creditors
Known as the Uniform Limited Partnership Act
The act spans §§ 15900–15912 (125 sections).
Applied in 1 court decision — leading case 3 Cal. 5th 319 - 926 N. Ardmore Ave., LLC v. Cnty. of L. A. (2017)
Most recently applied in 3 Cal. 5th 319 - 926 N. Ardmore Ave., LLC v. Cnty. of L. A. (June 2017)
Added by Stats. 2006, Ch. 495, Sec. 20
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.