A transfer of a distributional interest does not entitle the transferee to become or to exercise any rights of a member. A transfer entitles the transferee to receive, to the extent transferred, only the distributions to which the transferor would be entitled.
W. Va. Code § 31B-5-502
Transfer of distributional interest
Known as the Uniform Limited Liability Company Act
The act spans §§ 31B-10-1001 to 31B-9-907 (94 sections).
Official source: West Virginia Legislature. Reproduced from public-domain West Virginia statutes; confirm against the official source for the current text. Not legal advice.