(a) Personal property.--A transferable interest is personal property.
(b) Only right that may be transferred.--A person may not transfer to a person not a member any rights in a limited liability company other than a transferable interest.
15 Pa.C.S. § 8851
Nature of transferable interest
Known as the Pennsylvania Uniform Limited Liability Company Act
The act spans §§ 15-8811 to 15-8898 (59 sections).
Official source: Pennsylvania General Assembly. Reproduced from public-domain Pennsylvania statutes; confirm against the official source for the current text. Not legal advice.