56a-502. Partner's transferable interest in partnership. Except as provided in the business entity transactions act, K.S.A. 2021 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.
History: L. 1998, ch. 93, § 27; L. 2009, ch. 47, § 46; July 1, 2010.
Structure Kansas Statutes
Chapter 56a - Kansas Uniform Partnership Act
Article 5 - Transferees And Creditors Of Partner
56a-501 Partner not co-owner of partnership property.
56a-502 Partner's transferable interest in partnership.
56a-503 Transfer of partner's transferable interest.
56a-504 Partner's transferable interest subject to charging order.