{"data":{"id":"us-il/805-ilcs-206-502","jurisdiction":"us-il","citation":"805 ILCS 206/502","heading":"Partner's transferable interest in partnership.","body":"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 is personal property.","path":["CHAPTER 805 BUSINESS ORGANIZATIONS","Uniform Partnership Act (1997)."],"source_url":"https://www.ilga.gov/legislation/ILCS/details?ActID=2292\u0026ChapterID=65\u0026ChapAct=FullText\u0026Print=True","current_through":"at least Public Act 104-790","vintage":"","retrieved_at":"2026-09-15T04:46:47Z","sha256":"11bc586f06823eef23a9abf34290346f7e501d91c941754eded89d3ffab0c501","source_id":"us-il","stale":false,"prev":"us-il/805-ilcs-206-501","next":"us-il/805-ilcs-206-503"},"notice":"GroundRules: Original legal text. Not legal advice."}