Transferable interest definition

Transferable interest means the right, as originally associated with a person’s capacity as a member, to receive distributions from a limited liability company in accordance with the operating agreement, whether or not the person remains a member or continues to own any part of the right.

Transferable interest means the right, as initially owned by a person in the person’s capacity as a partner, to receive distributions from a partnership, whether or not the person remains a partner or continues to own any part of the right. The term applies to any fraction of the interest, by whomever owned.

Transferable interest means the right under an entity's organic law to receive distributions from the entity.

Examples of Transferable interest in a sentence

• Transferable interest" means a partner's right to receive distributions.[PL 2005, c.

• Transferable interest" means the right, as originally associated with a person's capacity as a member, to receive distributions from a limited liability company in accordance with the limited liability company agreement, whether or not the person remains a member or continues to own any part of the right.[PL 2009, c.

• Transferable interest of a partner in the partnership” means the partner’s share of the profits and losses of the partnership and the partner’s right to receive distrib- utions.[1997 c.775 §1; 2003 c.14 §25; 2009 c.294 §8; 2009 c.833 §28; 2013 c.129 §22; 2013 c.196 §18] 67.010 [1997 c.775 §2; renumbered 67.040 in 2013]67.011 CORPORATIONS AND PARTNERSHIPS (Filing Documents)67.011 Filing requirements.

• That provision states that such obligations are to be clearly defined, transparent, non-discriminatory, verifiable and are to guarantee equality of access for EU natural gas undertakings to national consumers.

• Transferable interest" means a partner's right to receive distributions.[ 2005, c.

More Definitions of Transferable interest

Transferable interest means a partner's right to receive distributions.

Transferable interest means a partner’s right to receive distributions.

Transferable interest means the right, as initially owned by a person in the person’s capacity as a member, to receive distributions from a limited liability company, whether or not the person remains a member or continues to own any part of the right. The term applies to any fraction of the interest, by whomever owned.

Transferable interest means the right, as initially owned by a person in the person's

Transferable interest means the right, as initially owned by a person in the person's capacity as a member, to receive distributions from a limited liability company, whether or not the person remains a member or continues to own any part of the right. "Transferable interest" applies to any fraction of the interest, by whomever owned.

Transferable interest means the right of a partner to receive distributions.

Transferable interest means the right, as originally associated