Transfer of Distributional Interest. 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: PL 14-11, § 2 (502). Commission Comment: See the comment to 4 CMC § 4801 regarding PL 14-11.
Transfer of Distributional Interest
4 CMC § 4872, under Transferees and Creditors of Member.
4 CMC § 4872