Statutes > Alabama Statutes > Title 10 — CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS. > Chapter 12 — LIMITED LIABILITY COMPANY ACT. > Section 10-12-6 Nature of interest of member in limited liability company.

Section 10-12-6 Nature of interest of member in limited liability company.

Section 10-12-6

Nature of interest of member in limited liability company.

REPEALED IN THE 2009 REGULAR SESSION BY ACT 2009-513, EFFECTIVE JANUARY 1, 2011. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.

An interest in a limited liability company is personal property.

(Acts 1993, No. 93-724, p. 1425, §6.)