47-34A-502. Transfer of distributional interest.
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/sd/title-47/chapter-47-34/47-34a-502·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.