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.
Va. Code Ann. § 50-73.106
Partner's transferable interest in partnership
Known as the Virginia Uniform Partnership Act
The act spans §§ 50-73.100 to 50-73.99 (76 sections).
Applied in 2 court decisions — leading case Ainslie v. Inman (2001)
Most recently applied in Ainslie v. Inman (October 2001)
1996, c. 292.
Official source: Virginia Law Portal (LIS). Reproduced from public-domain Virginia statutes; confirm against the official source for the current text. Not legal advice.