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the Vermont Statutes
2012 Vermont Statutes
Title 11 Corporations, Partnerships and Associations
Chapter 22 PARTNERSHIPS
§ 3242 Partner's transferable interest in partnership
Universal Citation:
11 V.S.A. § 3242.
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§ 3242. 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. (Added 1997, No. 149 (Adj. Sess.), § 1, eff. Jan. 1, 1999.)
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