Kan. Stat. § 56a-502

Current through 2024 Session Acts Chapter 111 and 2024 Special Session Acts Chapter 4
Section 56a-502 - Partner's transferable interest in partnership

Except as provided in the business entity transactions act, K.S.A. 2023 Supp. 17-78-101 et seq., and amendments thereto, 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 of a partner is personal property.

K.S.A. 56a-502

L. 1998, ch. 93, § 27; 1/1/1999.