Ohio Code 1706.34 – Member’s membership interest is personal property and assignable
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The only interest of a member that is assignable is the member’s membership interest. A membership interest is personal property.
Terms Used In Ohio Code 1706.34
- Member: means a person that has been admitted as a member of a limited liability company under section 1706. See Ohio Code 1706.01
- Membership interest: means a member's right to receive distributions from a limited liability company or series thereof. See Ohio Code 1706.01
- Personal property: All property that is not real property.