Code of Alabama
Ala. Code § 10-8-40 (2026)
(Repealed Effective January 1, 2001) Nature of Partner’s Interest in Partnership.
✓ official Alabama Legislature (ALISON) text, current July 2026
Repealed by Acts 1996, No. 96-528, p. 685, §1, effective January 1, 2001.
(Acts 1971, No. 1513, p. 2609, §26.)
Notes of Decisions
Cited in 2
cases, 1980–1988 · leading case: Employers Cas. Co., a Corp. v. Employers Com. Union Ins. Co., a Corp., 632 F.2d 1215 (5th Cir. 1980).
Employers Cas. Co., a Corp. v. Employers Com. Union Ins. Co., a Corp., 632 F.2d 1215 (5th Cir. 1980). “” Ala.Code § 10-8-40. Accordingly, we do not believe that the ownership of the vehicle can be attributed to Owens simply by virtue of his interest in the Russellville partnership.”
Miss. Valley Title Ins. Co. v. Malkove, 540 So. 2d 674 (Ala. 1988). “" Code 1975, § 10-8-40. The interest does not extend to the property that produces the profits and surplus; the property is held by a distinct entitythe partnership itself.”
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