A Member's Distributional Interest in an LLC Is ________ and May

question 18

Multiple Choice

A member's distributional interest in an LLC is ________ and may be transferred in whole or in part.

• A) a vote
• B) a proxy
• C) personal property
• D) an authority in management

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Definitions:

Negligence

The failure to take reasonable care to avoid causing injury or loss to another person, resulting in legal liability for the resulting harm.

Valuable Vase

An object, typically made of ceramic, glass, or porcelain, considered to have significant monetary or sentimental worth.

Torts

Civil wrongdoings recognized by law as grounds for a lawsuit, resulting in an injury or harm.

Liable

Legally responsible for one’s actions or an outcome, often involving a duty to compensate for harm or damage.