Common use of Transfer or Assignment of Members Interest Clause in Contracts

Transfer or Assignment of Members Interest. The Interest of each Member and the Economic Interest of a Person who is not a Member constitutes personal property of the Member or Economic Interest holder. Each Member and each Economic Interest holder has no interest in the Property.

Transfer or Assignment of Members Interest. The Interest of each Member and the Economic Interest of a Person who is not a Member constitutes personal property of the Member. No Member or Economic has by reason of such Interest holder. Each Member and each Economic Interest holder has no an interest in the Property.