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 a partner's right to receive distributions.
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 thereon as partners for purposes of resignation of this act, supplementary deed shall vote.
More Definitions of Transferable interest
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 a partner’s right to receive distributions.
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 a member's or transferee's right to receive distributions of the limited liability company's assets.
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 of a partner to receive distributions.