Member’s Transferable Interest

Ala. Code § 10A-5A-5.01, under Transferable Interests and Rights of Transferees and Creditors.

Ala. Code § 10A-5A-5.01

The only interest of a member that is transferable is the member’s transferable interest. A transferable interest is personal property. (Act 2014-144, p. 265, §1.)