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.
§ 54-1A-502 NMSA 1978
Partner's transferable interest in partnership
Known as the Uniform Partnership Act
The act spans §§ 54–54 (67 sections).
Laws 1996, ch. 53, § 502.
Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.