Washington § 25.15.246 Nature of limited liability company interest—Certificate of interest.

Washington Statutes

§ 25.15.246 — Nature of limited liability company interest—Certificate of interest.

Washington § 25.15.246

Title 25PARTNERSHIPS

Ch. 25.15LIMITED LIABILITY COMPANIES

This text of Washington § 25.15.246 (Nature of limited liability company interest—Certificate of interest.) is published on Counsel Stack Legal Research, covering Washington primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wash. Rev. Code § 25.15.246 (2026).

Text

(1)The only interest of a member that is transferable is the member's transferable interest. A transferable interest is personal property. A member has no interest in specific limited liability company property.

(2)A limited liability company agreement may provide that a transferable interest may be evidenced by a certificate of limited liability company interest issued by the limited liability company and may also provide for the transfer of any transferable interest represented by such a certificate and make other provisions with respect to such certificate.

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(1) The only interest of a member that is transferable is the member's transferable interest. A transferable interest is personal property. A member has no interest in specific limited liability company property.

(2) A limited liability company agreement may provide that a transferable interest may be evidenced by a certificate of limited liability company interest issued by the limited liability company and may also provide for the transfer of any transferable interest represented by such a certificate and make other provisions with respect to such certificate.