(805 ILCS 180/30-5)
Sec. 30-5. Transfer of a distributional
interest. (a) A transfer of a distributional interest in whole or in part: (1) does not by itself cause dissolution and winding | ||
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(2) is subject to Section 30-10. (b) 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.
(Source: P.A. 99-637, eff. 7-1-17 .)
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