56a-501. Partner not co-owner of partnership property. A partner is not a co-owner of partnership property and has no interest in partnership property which can be transferred, either voluntarily or involuntarily. History: L. 1998, ch. 93, § 26; Jan. 1, 1999.
56a-502. Partner’s transferable interest in partnership. Except as provided in the business entity transactions act, K.S.A. 2021 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 […]
56a-503. Transfer of partner’s transferable interest. (a) A transfer, in whole or in part, of a partner’s transferable interest in the partnership: (1) Is permissible; (2) does not by itself cause the partner’s dissociation or a dissolution and winding up of the partnership business; and (3) does not, as against the other partners or the […]
56a-504. Partner’s transferable interest subject to charging order. (a) 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 of the distributions due or to […]
