There is a newer version of the California Code
2011 California Code
Corporations Code
TITLE 2.5. LIMITED LIABILITY COMPANIES [17000 - 17656]
CHAPTER 7. Interest in Limited Liability Company: Assignment of Interests
Section 17300
CA Corp Code § 17300 (through 2012 Leg Sess) What's This?
A membership interest and an economic interest in a limited liability company constitute personal property of the member or assignee. A member or assignee has no interest in specific limited liability company property.
(Added by Stats. 1994, Ch. 1200, Sec. 27. Effective September 30, 1994.)
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