Montana § 35-8-703 - Nature Of Distributional Interest
Full text of Montana Montana Code Annotated § 35-8-703 — Nature Of Distributional Interest, with citation guidance and answers to common questions.
§ 35-8-703. Nature Of Distributional Interest
Nature of distributional interest. (1) A member is not a co-owner of, and does not have a transferable interest in, property of a limited liability company. (2) A member's distributional interest in a limited liability company is personal property and, subject to the provisions of 35-8-707 , may be transferred in whole or in part. (3) An operating agreement may provide that a member's distributional interest may be evidenced by a certificate of the interest issued by the limited liability company and, subject to the provisions of 35-8-707 , may also provide for the transfer of any interest represented by the certificate.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 35-8-703
What does Montana Code Annotated § 35-8-703 cover?
Section 35-8-703 ("Nature Of Distributional Interest") is part of the Montana Code Annotated, the codified statutory law of Montana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Montana § 35-8-703?
A common citation format is "Montana Code Annotated § 35-8-703" (Montana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Montana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Montana official source linked on this page or consult a licensed Montana attorney.
How does Montana § 35-8-703 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Montana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Montana.