Massachusetts General Laws ch. 109 sec. 39 – Nature of partnership interest
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Section 39. A partnership interest is personal property.
Terms Used In Massachusetts General Laws ch. 109 sec. 39
- 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.