Nature of Limited Liability Company Interest

1. Law
2. Georgia Code
3. Corporations, Partnerships, and Associations
4. Limited Liability Companies
5. Limited Liability Company Interests; Admission of Members
6. Nature of Limited Liability Company Interest

1. A limited liability company interest is personal property.A member has no interest in specific limited liability company property.
2. An operating agreement or the articles of organization may provide that a limited liability company interest may be evidenced by a certificate issued by the limited liability company.

(Code 1981, §14-11-501, enacted by Ga. L. 1993, p. 123, § 1.)

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