§ 9A-502

Md. Code Ann., Corps. & Ass'ns § 9A-502

Partner's transferable interest in partnership

Effective Jul 1, 1998Added as Corporations and Associations § 9-502 by Acts 1997, c. 654, § 2, eff. July 1, 1998. Renumbered as Corporations and Associations § 9A-502 by Acts 1998, c. 743, § 1, eff. June 1, 1998.State of Maryland

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 transferable interest is personal property.

Added as Corporations and Associations § 9-502 by Acts 1997, c. 654, § 2, eff. July 1, 1998. Renumbered as Corporations and Associations § 9A-502 by Acts 1998, c. 743, § 1, eff. June 1, 1998.