California Codes

Cal. Corporations Code § 16501 (2026)

✓ current as of May 2026

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A partner is not a coowner of partnership property and has no interest in partnership property that can be transferred, either voluntarily or involuntarily.

Notes of Decisions

Cited in 3 cases, 2002–2015 · leading case: Mayer v. C.W. Driver, 2002 Cal. Daily Op. Serv. 3813 (Cal. Ct. App. 2002).

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Mayer v. C.W. Driver, 2002 Cal. Daily Op. Serv. 3813 (Cal. Ct. App. 2002). “(Corp. Code, § 16501 [“A partner is not a coowner of partnership property and has no interest in partnership property that can be transferred, either voluntarily or involuntarily.”

In re Marriage of Lafkas, 237 Cal. App. 4th 921 (Cal. Ct. App. 2015). “(Corp. Code, § 16501.) “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.”

In re: Koko Sarkis Babian (9th Cir. BAP 2013). “” 27 Cal. Corp. Code § 16501 . Munkdale v. Giannini, 35 Cal.”

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