Partner Not Co-Owner of Partnership Property

4 CMC § 40141 — under Uniform Partnership Act.

4 CMC § 40141

TITLE 4: ECONOMIC RESOURCES

DIVISION 4: CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS

§ 40141. Partner Not Co-owner of Partnership Property. A partner is not a co-owner of partnership property and has no interest in partnership property which can be transferred, either voluntarily or involuntarily. Source: PL 15-88, § 2(501).