Transferable interest of a partner includes all of the following except:
A)the partner's share of the profits and losses of the partnership.
B)the right to receive distributions.
C)the right to receive any liquidating distribution.
D)the authority to transact any of the partnership's business operations.

Question

Quizplus · Accepted Answer

The transferable interest of a partner includes their share of the profits and losses of the partnership, the right to receive distributions, and the right to receive any liquidating distribution. However, it does not include the authority to transact any of the partnership's business operations, as this requires the consent of all partners.

Transferable Interest of a Partner Includes All of the Following