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. This interest is personal property.
Tenn. Code Ann. § 61-1-502
Partner's transferable interest in partnership
Known as the Uniform Partnership Act
The act spans §§ 61-1-1001 to 61-1-908 (67 sections).
Applied in 1 court decision — leading case Charlotte Scott Forbess v. Michael E. Forbess (2011)
Most recently applied in Charlotte Scott Forbess v. Michael E. Forbess (December 2011)
Acts 2001, ch. 353.
Current official text: Tennessee Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Tennessee statutes; confirm against the official source for the current text. Not legal advice.