Montana Code 35-10-509. Partner’s transferable interest in partnership
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35-10-509. Partner’s transferable interest in partnership. The only transferable interest of a partner in the partnership is the partner’s interest in distributions. The interest is personal property.
Terms Used In Montana Code 35-10-509
- 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.