Florida Statutes 620.1701 – Partner’s transferable interest; certificates
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Florida Statutes 620.1701
- 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.
(1) The only interest of a partner which is transferable is the partner’s transferable interest. A transferable interest is personal property.
(2) The partnership agreement may provide that a partner’s interest in a limited partnership may be evidenced by a certificate issued by the limited partnership and may also provide for the assignment or transfer of any interest in the limited partnership represented by such a certificate and make other provisions with respect to such certificates.