Washington Code 25.05.450 – Partners’ interests — Transfer restriction
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The partnership agreement may restrict the transfer of partners’ interests in the partnership from the date the demand for their payment is received until the proposed merger becomes effective or the restriction is released under this article.
Terms Used In Washington Code 25.05.450
- 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.