Except as provided in Article 9 of this chapter or the Mississippi Entity Conversion and Domestication Act, 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. The interest of a partner, whether or not transferable, is personal property. Laws, 2004, ch. 458, § 502, eff. 1/1/2005.Amended by Laws, 2014, ch. 399, SB 2322, 39, eff. 1/1/2015.
Mississippi Legal Code