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Current as of January 01, 2025 | Updated by Findlaw Staff
(1) The only interest of a member that is transferable is the member's transferable interest. A transferable interest is personal property. A member has no interest in specific limited liability company property.
(2) A limited liability company agreement may provide that a transferable interest may be evidenced by a certificate of limited liability company interest issued by the limited liability company and may also provide for the transfer of any transferable interest represented by such a certificate and make other provisions with respect to such certificate.
Cite this article: FindLaw.com - Washington Revised Code Title 25. Partnerships § 25.15.246. Nature of limited liability company interest--Certificate of interest - last updated January 01, 2025 | https://codes.findlaw.com/wa/title-25-partnerships/wa-rev-code-25-15-246/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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