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56a-502. Partner's transferable interest in partnership. Except as provided in the business entity transactions act, K.S.A. 2023 Supp. 17-78-101 et seq., and amendments thereto, 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 of a partner is personal property.

History: L. 1998, ch. 93, § 27; L. 2009, ch. 47, § 46; July 1, 2010.

Law Review and Bar Journal References:

"The Kansas Business Entity Transactions Act," Edwin W. Hecker, Jr., 80 J.K.B.A. No. 8, 21 (2011).


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