Ala. Code § 10A-5A-5.01

Member’s Transferable Interest.

Known as the Alabama Business and Nonprofit Entity Code

The act spans §§ 10A-1-1.01 to 10A-9A-9.09 (1,341 sections).

(Act 2014-144, p. 265, §1.)

The only interest of a member that is transferable is the member’s transferable interest. A transferable interest is personal property.

Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.