Ala. Code
Code of Alabama

Ala. Code § 10-9A-120 (2026)

Nature of Partnership Interest.

✓ official Alabama Legislature (ALISON) text, laws through the 2026 Regular Session
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Repealed by Act 97-921, §§ 1, 2, effective October 1, 1998.

(Acts 1983, No. 83-513, p. 737, §701.)

Notes of Decisions
Cited in 2 cases, 1995–1996 · leading case: Redwing Carriers, Inc. v. Saraland Apts., Ltd., 875 F. Supp. 1545 (S.D. Ala. 1995).
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Redwing Carriers, Inc. v. Saraland Apts., Ltd., 875 F. Supp. 1545 (S.D. Ala. 1995). · cites it 2× “Ala.Code § 10-9A-120. Their interest permits them to share the profits and losses of the limited partnerships; receive distributions of assets; and receive income, gain, loss, deduction, credit, or similar items.”
Redwing Carriers, Inc. v. Saraland Apts., 94 F.3d 1489 (11th Cir. 1996). “The Hutton partners’ interest in Saraland Limited permits them to share in the profits and losses of the Partnership, as well as receive distributions of the Partnership’s assets and any allocation of income, gain, loss, deduction, credit or similar items.”
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