Vt. Stat. Ann. tit. 11, § 3242
Partner’s transferable interest in partnership
Redline — July 1, 2021 → current.View current text →
Current — June 1, 2022
As of July 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.
Added 1997, No. 149 (Adj. Sess.), § 1, eff. Jan. 1, 1999.
Official source: Vermont General Assembly. Reproduced from public-domain Vermont statutes; confirm against the official source for the current text. Not legal advice.