{"data":{"id":"us-il/805-ilcs-180-30-5","jurisdiction":"us-il","citation":"805 ILCS 180/30-5","heading":"","body":"Transfer of a distributional interest.\n(a) A transfer of a distributional interest in whole or in part:\n(1) does not by itself cause dissolution and winding up of the limited liability company's activities; and\n(2) is subject to Section 30-10.\n(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.","path":["CHAPTER 805 BUSINESS ORGANIZATIONS","Limited Liability Company Act."],"source_url":"https://www.ilga.gov/legislation/ILCS/details?ActID=2290\u0026ChapterID=65\u0026ChapAct=FullText\u0026Print=True","current_through":"at least Public Act 104-790","vintage":"","retrieved_at":"2026-09-15T04:46:47Z","sha256":"91aff1b79dfd69668eeab0a1bc4495ad652161d1ea40944dad3e44a5bf97c154","source_id":"us-il","stale":false,"prev":"us-il/805-ilcs-180-30-1","next":"us-il/805-ilcs-180-30-10"},"notice":"GroundRules: Original legal text. Not legal advice."}