Tennessee Code Annotated
Tenn. Code Ann. § 61-1-502 (2026)
Partner's transferable interest in partnership
✓ current as of May 2026
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. This interest is personal property.
Acts 2001, ch. 353.
Notes of Decisions
Cited in 1
case, 2011–2011 · leading case: Charlotte Scott Forbess v. Michael E. Forbess, 370 S.W.3d 347 (Tenn. Ct. App. 2011).
Charlotte Scott Forbess v. Michael E. Forbess, 370 S.W.3d 347 (Tenn. Ct. App. 2011). “See Tenn.Code Ann. § 61-1-501. In fact, the Revised Uniform Partnership Act specifically states that the income received from a partnership is personal property of the partner, which is transferrable.”
Annotations are extracted automatically from the opinions in the
Syfert caselaw corpus and ranked by authority, recency, and
treatment. Dots show Syfertize treatment of the citing case itself.