(805 ILCS 180/30-5)
Sec. 30-5. Transfer of a distributional interest. (a) A transfer of a distributional interest in whole or in part: (1) does not by itself cause dissolution and winding up of the limited liability company's activities; and (2) is subject to Section 30-10. (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.
(Source: P.A. 99-637, eff. 7-1-17.)