486A.502 - PARTNER'S TRANSFERABLE INTEREST IN PARTNERSHIP. - Iowa Statutes

486A.502 PARTNER'S TRANSFERABLE INTEREST IN PARTNERSHIP. 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.          Section History: Recent Form 98 Acts, ch 1201, §27, 79, 82