Washington Code 25.10.546 – Partner’s transferable interest
Current as of: 2023 | Check for updates
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The only interest of a partner that is transferable is the partner’s transferable interest. A transferable interest is personal property. A partner has no interest in specific partnership property.
Terms Used In Washington Code 25.10.546
- 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.