§1571. Member’s transferable interest The only interest of a member that is transferable is the member’s transferable interest. A transferable interest in a limited liability company is personal property. [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).] SECTION HISTORY PL 2009, c. 629, Pt. A, §2 […]
§1572. Transfer of transferable interest 1. Transferable interest. A transfer, in whole or in part, of a transferable interest: A. Is permissible; [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).] B. Does not by itself cause a member’s dissociation or a dissolution and winding up […]
§1573. Charging order 1. Transferable interest of judgment debtor. On application to a court of competent jurisdiction by any judgment creditor of a member or transferee, the court may charge the transferable interest of the judgment debtor with payment of the unsatisfied amount of the judgment with interest. To the extent so charged and after […]
§1574. Power of personal representative of deceased member If a member dies, the deceased member’s personal representative or other legal representative may, for purposes of settling the estate, exercise the rights of a current member under section 1558. [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).] […]
