{"data":{"id":"us-mt/35-8-703","jurisdiction":"us-mt","citation":"35-8-703","heading":"Nature of distributional interest.","body":"(1) A member is not a co-owner of, and does not have a transferable interest in, property of a limited liability company.\n(2) A member's distributional interest in a limited liability company is personal property and, subject to the provisions of 35-8-707, may be transferred in whole or in part.\n(3) An operating agreement may provide that a member's distributional interest may be evidenced by a certificate of the interest issued by the limited liability company and, subject to the provisions of 35-8-707, may also provide for the transfer of any interest represented by the certificate.","path":["TITLE 35. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS","CHAPTER 8. MONTANA LIMITED LIABILITY COMPANY ACT","Part 7. Ownership and Transfer of Property"],"source_url":"https://mca.legmt.gov/bills/mca/title_0350/chapter_0080/part_0070/section_0030/0350-0080-0070-0030.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:53:16Z","sha256":"4a17efb9891b53476aaeb6cf7c06eda982af2cea0523537586215edac5e4a2ba","source_id":"us-mt","stale":false,"prev":"us-mt/35-8-702","next":"us-mt/35-8-704"},"notice":"GroundRules: Original legal text. Not legal advice."}