Illinois Compiled Statutes 805 Business Organizations: Article 30 - Assignment of Membership Interests

• Illinois Limited Liability Company Act. - 805 ILCS 180, Section 30-1
  Member's distributional interest. (a) A member is not a co-owner of, and has no transferable interest in, property of a limited liability company. (b)...
• Illinois Limited Liability Company Act. - 805 ILCS 180, Section 30-5
  Transfer of a distributional interest. A transfer of a distributional interest does not entitle the transferee to become or to exercise any rights of...
• Illinois Limited Liability Company Act. - 805 ILCS 180, Section 30-10
  Rights of a transferee. (a) A transferee of a distributional interest may become a member of a limited liability company if and to the extent...
• Illinois Limited Liability Company Act. - 805 ILCS 180, Section 30-15
  (Repealed). (Source: P.A. 87-1062. Repealed by P.A. 90-424, eff. 1-1-98.)
• Illinois Limited Liability Company Act. - 805 ILCS 180, Section 30-20
  Rights of creditor. (a) On application by a judgment creditor of a member of a limited liability company or of a member's transferee, a...

Last modified: February 18, 2015