Va. Code § 13.1-1038

Current with changes from the 2024 legislative session through ch. 845

Section 13.1-1038 - Nature of interest in limited liability company

A membership interest in a limited liability company is personal property. The only transferable interest of a member in the limited liability company is the member's share of the profits and losses of the limited liability company and the member's right to receive distributions.

Va. Code § 13.1-1038

1991, c. 168; 2006, c. 912.

Amended by Acts 2006, § c. 912.

Amended by Acts 1991, § c. 168.