{"data":{"id":"us-wv/w.-va.-code-31b-5-501","jurisdiction":"us-wv","citation":"W. Va. Code § 31B-5-501","heading":"Member's distributional interest.","body":"(a) A member is not a coowner 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 5-502 and 5-503, 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 5-503, may also provide for the transfer of any interest represented by the certificate.","path":["CHAPTER 31B. UNIFORM LIMITED LIABILITY COMPANY ACT.","ARTICLE 5. TRANSFEREES AND CREDITORS OF MEMBER."],"source_url":"https://code.wvlegislature.gov/31B-5-501/","current_through":"as of 2026-08-03; contains at least the enactments of the 2026 Regular Session","vintage":"","retrieved_at":"2026-09-06T00:28:00Z","sha256":"660f4f939aeb68c4dfc07d1dc5c6ecc5869dade52052660f89742ed19a1ac958","source_id":"us-wv","stale":true,"prev":"us-wv/w.-va.-code-31b-4-411","next":"us-wv/w.-va.-code-31b-5-502"},"notice":"GroundRules: Original legal text. Not legal advice."}