Membership interest transfer restrictions

1. Law
2. Mississippi Code
3. Corporations, Associations, and Partnerships
4. Revised Mississippi Limited Liability Company Act
5. Professional Limited Liability Companies
6. Membership interest transfer restrictions

1. A member of a professional limited liability company may transfer the member's membership interests only to qualified persons.Unless otherwise prohibited by the certificate of formation or operating agreement, a member of a professional limited liability company may pledge the member's membership interest to a qualified person or to a disqualified person.
2. A transfer of a membership interest made in violation of subsection (1), except one made by operation of law or court judgment, is void.

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