You are here: California / Corporations Code - CORP / ARTICLE 5. Transferees and Creditors of Partner [16501. - 16504.] / Section 16502.

Section 16502. (Added by Stats. 1996, Ch. 1003, Sec. 2.)
Cite as: Cal. Corp. Code §16502.

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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