Alabama Code 10A-9A-7.01. Transferable interest
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Terms Used In Alabama Code 10A-9A-7.01
- partner: means a limited partner or general partner. See Alabama Code 10A-9A-1.02
- TRANSFERABLE INTEREST: means a partner's right to receive distributions from a limited partnership. See Alabama Code 10A-9A-1.02
The only interest of a partner which is transferable is the partner’s transferable interest. A transferable interest is personal property.