Source: https://www.floridabar.org/news/tfb-journal/?durl=%2Fdivcom%2Fjn%2Fjnjournal01.nsf%2F8c9f13012b96736985256aa900624829%2Ffdb60ef10a411e6285257c12004a1e5e
Timestamp: 2017-12-11 13:52:17
Document Index: 9970398

Matched Legal Cases: ['§605', '§608', '§605', '§605', '§605', '§605', '§608', '§605', '§608', '§605', '§608', '§605']

Florida Bar Journal – Florida’s New Revised LLC Act, Part II – The Florida Bar
The revised act5 uses the defined term “transferable interest” rather than “interest” as used in existing law. A “transferable interest” means only the transferee’s right to distributions, while the term “interest” under existing law means the distribution rights, as well as voting rights, management rights, or other member rights under the operating agreement or articles. 6
1	Fla. Stat. §§605.0401(3)(c), 605.0701(2), and 605.0602(5), respectively.
2	Fla. Stat. §608.4228.
3	Fla. Stat. §605.0205(2), duty to correct inaccuracies in filed records; Fla. Stat. §605.0406(2), approving an improper distribution.
4	Fla. Stat. §605.0105(3)(g).
5	Fla. Stat. §605.0102(66).
6	Fla. Stat. §608.402(23).
7	Fla. Stat. §605.0502.
8	Fla. Stat. §608.432.
9	Fla. Stat. §605.0410(8).
10	Fla. Stat. §608.433.
11	Fla. Stat. §605.0602(3).