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.
98 Acts, ch 1201, §27, 79, 82
Iowa Code § 486A.502
Partner’s transferable interest in partnership
Known as the Uniform Partnership Act
The act spans §§ 486–486 (76 sections).
Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.