South Carolina Statutes
§ 33-44-502 — Transfer of distributional interest.
South Carolina·Title 33 CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS·Ch. 44 UNIFORM LIMITED LIABILITY COMPANY ACT OF 1996
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.
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South Carolina § 33-44-502 (Transfer of distributional interest.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1996 Act No. 343, SECTION 2.
Nearby Sections
15
§ 33-44-1002
Application for certificate of authority.§ 33-44-1004
Issuance of certificate of authority.§ 33-44-1005
Name of foreign limited liability company.§ 33-44-1006
Revocation of certificate of authority.§ 33-44-1007
Cancellation of authority.§ 33-44-1009
Action by Attorney General.§ 33-44-101
Definitions.§ 33-44-102
Knowledge and notice.§ 33-44-104
Supplemental principles of law.§ 33-44-105
Name.§ 33-44-106
Reserved name.