Statute · New York Limited Liability Company Law
N.Y. Ltd. Liab. Co. Law § 601 — Nature of membership interest
N.Y. Ltd. Liab. Co. Law § 601
- Type
- Statute
- Source
- New York Limited Liability Company Law
- Jurisdiction
- New York
- Current through
- Nov 4, 2026 (NY Senate Open Legislation)
§ 601. Nature of membership interest. A membership interest in the limited liability company is personal property. A member has no interest in specific property of the limited liability company.
Citator
N.Y. Ltd. Liab. Co. Law § 601 — Nature of membership interest is in force in the current edition of the Code, and nothing recorded condemns it.
§ 601. Nature of membership interest. A membership interest in the limited liability company is personal property. A member has no interest in specific property of the limited liability company.