New Jersey Statutes
§ 42:1A-28 — Transferable interest of partner
New Jersey·Title 42 PARTNERSHIPS AND PARTNERSHIP ASSOCIATIONS
28.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. L.2000,c.161,s.28.
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Nearby Sections
15
§ 42:1A-1
Short title§ 42:1A-11
Property of the partnership§ 42:1A-14
Transfer of partnership property§ 42:1A-17
Partnership liable for loss, injury§ 42:1A-2
Definitions relative to partnerships§ 42:1A-20
Partnership by representation; liability§ 42:1A-21
Rights and duties of partners§ 42:1A-22
Distributions in kind