Member's distributional interest.

S.C. Code Ann. § 33-44-501
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
(a) A member is not a co-owner of, and has no transferable interest in, property of a limited liability company. (b) A distributional interest in a limited liability company is personal property and, subject to Sections 33-44-502 and 33-44-503, may be transferred in whole or in part. (c) An operating agreement may provide that a distributional interest may be evidenced by a certificate of the interest issued by the limited liability company and, subject to Section 33-44-503, may also provide for the transfer of any interest represented by the certificate.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.scstatehouse.gov/code/t33c044.phpFetched: 10/17/2026

Starting a business in South Carolina? South Carolina LLC guide: costs and requirements