§1051. Partner not co-owner of partnership property A partner is not a co-owner of partnership property and has no interest in partnership property that can be transferred, either voluntarily or involuntarily. [PL 2005, c. 543, Pt. A, §2 (NEW).] SECTION HISTORY PL 2005, c. 543, §A2 (NEW).
§1052. Partner’s transferable interest in partnership The only transferable interest of a partner in the partnership is the partner’s share of the profits and losses of the partnership, the allocations of income, gain, loss, deduction or credit or similar items related to such profits and losses and the partner’s right to receive distributions. The interest […]
§1053. Transfer of partner’s transferable interest 1. Transfer of interest. A transfer, in whole or in part, of a partner’s transferable interest in the partnership: A. Is permissible; [PL 2005, c. 543, Pt. A, §2 (NEW).] B. Does not by itself cause the partner’s dissociation or a dissolution and winding up of the […]
§1054. Partner’s transferable interest subject to charging order 1. Charging order; interest of judgment debtor. On application by a judgment creditor of a partner or of a partner’s transferee, a court having jurisdiction may charge the transferable interest of the judgment debtor to satisfy the judgment. The court may appoint a receiver of the share […]
