CHAPTER 31B. UNIFORM LIMITED LIABILITY COMPANY ACT.

ARTICLE 5. TRANSFEREES AND CREDITORS OF MEMBER.

§31B-5-502. Transfer of distributional interest.

A transfer of a distributional interest does not entitle the transferee to become or to exercise any rights of a member. A transfer entitles the transferee to receive, to the extent transferred, only the distributions to which the transferor would be entitled.

Bill History For §31B-5-502