Statutes > Montana Statutes > TITLE 35. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS > CHAPTER 12. LIMITED PARTNERSHIPS > Part 11. Assignment of Partnership Interests > 35-12-1101. Nature of partnership interest.

35-12-1101. Nature of partnership interest.


     35-12-1101. Nature of partnership interest. A partnership interest is a partner's share of the profits and losses of a limited partnership and the right to receive distributions of partnership assets. A partnership interest is personal property.

     History: En. Sec. 42, Ch. 522, L. 1981.