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§ 8851. Nature of transferable interest

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 15 Pa.C.S.A. Corporations and Unincorporated AssociationsEffective: February 21, 2017

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 15 Pa.C.S.A. Corporations and Unincorporated Associations (Refs & Annos)
Part III. Partnerships and Limited Liability Companies (Refs & Annos)
Chapter 88. Limited Liability Companies (Refs & Annos)
Subchapter E. Transferable Interests and Rights of Transferees and Creditors
Effective: February 21, 2017
15 Pa.C.S.A. § 8851
Formerly cited as PA ST 15 Pa.C.S.A. § 8924
§ 8851. Nature of transferable interest
Currentness
(a) Personal property.--A transferable interest is personal property.
(b) Only right that may be transferred.--A person may not transfer to a person not a member any rights in a limited liability company other than a transferable interest.

Credits

2016, Nov. 21, P.L. 1328, No. 170, § 29, effective in 90 days [Feb. 21, 2017].
15 Pa.C.S.A. § 8851, PA ST 15 Pa.C.S.A. § 8851
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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