A member's distributional interest in an LLC is ________ and may be transferred in whole or in part.

Question

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A member's distributional interest in an LLC is a form of personal property and can be transferred, bought, sold, or gifted in whole or in part, subject to any operating agreement or other agreements that may affect the transferability of the interest. It does not include voting rights or authority in management, although some agreements may provide for such rights.

A Member's Distributional Interest in an LLC Is ________ and May