PART VI. ASSIGNMENT OF MEMBERSHIP INTERESTS
§1329. Nature of membership interest
A membership interest shall be an incorporeal movable. A member shall have no interest in limited liability company property.
La. R.S. 12:1329
Nature of membership interest
Known as the Limited Liability Company Law
The act spans §§ 12-1190 to 12-1370 (93 sections).
Acts 1992, No. 780, §2, eff
Official source: Louisiana State Legislature. Reproduced from public-domain Louisiana statutes; confirm against the official source for the current text. Not legal advice.