S.C. Code § 33-44-502
Transfer of distributional interest
South Carolina · South Carolina Code Title 33, Chapter 44 — Uniform Limited Liability Company Act of 1996 · Status: effective
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- Citation
- S.C. Code § 33-44-502, Transfer of distributional interest, South Carolina, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1576824
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Full text
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.