There is a newer version of the South Carolina Code of Laws
2013 South Carolina Code of Laws
Title 33 - Corporations, Partnerships and Associations
CHAPTER 44 - UNIFORM LIMITED LIABILITY COMPANY ACT OF 1996
SECTION 33-44-502. Transfer of distributional interest.
SC Code § 33-44-502 (2013) What's This?
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.
HISTORY: 1996 Act No. 343, Section 2.
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