79-29-910 - Membership interest transfer restrictions. - Mississippi Statutes

§ 79-29-910. Membership interest transfer restrictions.
 

(1)  A member of a professional limited liability company may transfer his membership interests only to qualified persons. A member of a professional limited liability company may pledge his membership interest to a qualified person or to a disqualified person. 

(2)  A transfer of a membership interest made in violation of subsection (1), except one made by operation of law or court judgment, is void. 
 

Sources: Laws,  1994, ch. 402, § 64; Laws, 1995, ch. 494, § 45, eff from and after July 1, 1995.