Unless otherwise provided in the partnership agreement, no one can become a member of the partnership without the consent of all partners, though a partner may assign his share of the profits and losses and right to receive distributions ("transferable interest").
Unless otherwise provided in the partnership agreement, no one can become a member of the partnership without the consent of all partners. A partner may assign his share of the profits and losses. This is to receive distributions ("transferable interest "). A partner may assign his share of right. This is to receive distributions ("transferable interest").