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2011 South Dakota Code
Title 47 CORPORATIONS
Chapter 34A. Uniform Limited Liability Company Act
§47-34A-502 Transfer of distributional interest.


SD Codified L § 47-34A-502 (through 2011) What's This?

47-34A-502. Transfer of distributional interest. 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.

Source: SL 1998, ch 272, § 502.

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