Delaware Code Title 6 Sec. 15-502 – Partner’s economic interest in partnership; personal property
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A partnership interest is personal property. Only a partner‘s economic interest may be transferred.
Terms Used In Delaware Code Title 6 Sec. 15-502
- Economic interest: means a partner's share of the profits and losses of a partnership and the partner's right to receive distributions. See Delaware Code Title 6 Sec. 15-101
- Partner: means a person who is admitted to a partnership as a partner of the partnership. See Delaware Code Title 6 Sec. 15-101
- Personal property: All property that is not real property.