Rhode Island General Laws 7-12.1-502. Nature of transferable interest
Current as of: 2023 | Check for updates
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A transferable interest is personal property.
History of Section.
P.L. 2022, ch. 123, § 2, effective January 1, 2023; P.L. 2022, ch. 124, § 2, effective January 1, 2023.
Terms Used In Rhode Island General Laws 7-12.1-502
- Personal property: All property that is not real property.
- Transferable interest: means the right, as initially owned by a person in the person's capacity as a partner, to receive distributions from a partnership, whether or not the person remains a partner or continues to own any part of the right. See Rhode Island General Laws 7-12.1-102