{"data":{"id":"us-sc/s.c.-code-ann.-33-44-501","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 33-44-501","heading":"Member's distributional interest.","body":"(a) A member is not a co-owner of, and has no transferable interest in, property of a limited liability company.\n(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.\n(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.","path":["Title 33 - CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS","CHAPTER 44 Uniform Limited Liability Company Act of 1996","ARTICLE 5 Transferees and Creditors of Member"],"source_url":"https://www.scstatehouse.gov/code/t33c044.php","current_through":"2025 Session of the General Assembly","vintage":"","retrieved_at":"2026-09-02T07:04:34Z","sha256":"e2a4e883b45414583b2e6c88d37f0e9d8c7313618ec1e28fb0d28422b32ab90b","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-33-44-411","next":"us-sc/s.c.-code-ann.-33-44-502"},"notice":"GroundRules: Original legal text. Not legal advice."}