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Member's distributional interest.

W. Va. Code § 31B-5-501
in effect
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31B-5-501. Member's distributional interest. (a) A member is not a coowner 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 5-502 and 5-503, 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 5-503, may also provide for the transfer of any interest represented by the certificate.
Source: West Virginia Legislature (code.wvlegislature.gov)URL: https://code.wvlegislature.gov/31B-5-501/Fetched: 10/20/2026

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