Oregon Statutes 67.195 – Partners transferable interest in partnership
Current as of: 2023 | Check for updates
|
Other versions
The only transferable interest of a partner in the partnership is the partner’s share of the profits and losses of the partnership and the partner’s right to receive distributions. The interest is personal property. [1997 c.775 § 24]
Terms Used In Oregon Statutes 67.195
- 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.
- Partnership: means an association of two or more persons to carry on as co-owners a business for profit created under ORS § 67. See Oregon Statutes 67.005
- Personal property: All property that is not real property.