Montana Code 35-10-508. Partner’s interest in partnership property not transferable
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35-10-508. Partner’s interest in partnership property not transferable. A partner is not a co-owner of partnership property and has no interest in partnership property that can be transferred either voluntarily or involuntarily.
Terms Used In Montana Code 35-10-508
- 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.
- Property: means real and personal property. See Montana Code 1-1-205