Florida Statutes 620.8502 – Partner’s transferable interest in partnership
Current as of: 2024 | Check for updates
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Terms Used In Florida Statutes 620.8502
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Personal property: All property that is not real property.
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. A partner’s interest in the partnership is personal property.