§ 13.1-1038. Nature of interest in limited liability company
A membership interest in a limited liability company is personal property. The only transferable interest of a member in the limited liability company is the member's share of the profits and losses of the limited liability company and the member's right to receive distributions.
(1991, c. 168; 2006, c. 912.)
Sections: Previous 13.1-1031 13.1-1032 13.1-1033 13.1-1034 13.1-1035 13.1-1036 13.1-1037 13.1-1038 13.1-1038.1 13.1-1039 13.1-1040 13.1-1040.1 13.1-1040.2 13.1-1041 13.1-1041.1 NextLast modified: April 2, 2009