There is a newer version of the California Code
2013 California Code
Corporations Code - CORP
TITLE 2. PARTNERSHIPS
CHAPTER 5. Uniform Partnership Act of 1994
ARTICLE 5. Transferees and Creditors of Partner
16502
CA Corp Code § 16502 (2013) What's This?
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 by Stats. 1996, Ch. 1003, Sec. 2. Effective January 1, 1997.)
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