Section 14-11-501. Nature of limited liability company interest

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(a) A limited liability company interest is personal property. A member has no interest in specific limited liability company property.

(b) An operating agreement or the articles of organization may provide that a limited liability company interest may be evidenced by a certificate issued by the limited liability company.

Code 1981, § 14-11-501, enacted by Ga. L. 1993, p. 123, § 1.

                    
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