Code · Wisconsin · Chapter 183 — Uniform limited liability company law

183.0502 Transfer of transferable interest.

87 words·~1 min read·/wi/chapter-183/183-0502

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(1)Subject to s. 183.0503

(6), all of the following apply to a transfer, in whole or in part, of a transferable interest:

(a)It is permissible.

(b)It does not by itself cause a member’s dissociation or a dissolution and winding up of the limited liability company’s activities and affairs.

(c)Subject to s. 183.0504 , it does not entitle the transferee to any of the following:

1. Participate in the management or conduct of the company’s activities and affairs.