Illinois Statutes
§ 502 — Partner's transferable interest in partnership
Illinois·Topic BUSINESS AND EMPLOYMENT·Ch. 805 BUSINESS ORGANIZATIONS·Act 805 ILCS 206/ Uniform Partnership Act (1997).·Art. Article 5 - Transferees And Creditors Of Partner
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.
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Illinois § 502 (Partner's transferable interest in partnership) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Source: P.A. 92-740, eff. 1-1-03.)
Nearby Sections
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Disposition of fees