Va. Code Ann. § 50-73.106
Partner's transferable interest in partnership
Redline — June 1, 2021 → current.View current text →
Current — March 1, 2022
As of June 1, 2021
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.
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.
(1996, c. 292.)
Michie's Jurisprudence. - For related discussion, see 2A M.J. Assignments, § 5; 14A M.J. Partnership, § 19.
Official source: Virginia Law Portal (LIS). Reproduced from public-domain Virginia statutes; confirm against the official source for the current text. Not legal advice.