Delaware Code
6 Del. C. § 18-701 (2026)
Nature of limited liability company interest
✓ current as of May 2026
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A limited liability company interest is personal property. A member has no interest in specific limited liability company property.
68 Del. Laws, c. 434, § 1;Notes of Decisions
Cited in 13
cases (4 in the last 5 years), 2004–2024 · leading case: DDR Constr. Servs., Inc. v. Siemens Indus., Inc., 770 F. Supp. 2d 627 (S.D.N.Y. 2011).
DDR Constr. Servs., Inc. v. Siemens Indus., Inc., 770 F. Supp. 2d 627 (S.D.N.Y. 2011). “”) (citing 6 Del. C. § 18-701). DDR, a member of a New York partnership contractually connected to a member of a Delaware LLC, but not a member itself of that LLC, surely cannot claim a property right that that LLC member itself cannot claim.”
Stillwater Liquidating LLC v. Net Five at Palm Pointe, LLC (In re Stillwater Asset Backed Offshore Fund Ltd.), 559 B.R. 563 (Bankr. S.D.N.Y. 2016). “”); NY Limited Liability Company Law § 601 (McKinney) (“A membership interest in the limited liability company is personal property.”
Burtch v. Opus, L.L.C. (In re Opus East, L.L.C.), 480 B.R. 561 (Bankr. D. Del. 2012). “See 6 Del. C. § 18-701 (“A limited liability company interest is personal property.”
Merritt v. MidAtlantic Farm Credit, ACA (In re Merritt), 529 B.R. 845 (Bankr. E.D. Pa. 2015). “See 6 Del. C. § 18-701 (“A limited liability company interest is personal property.”
In Re: Reifler (S.D.N.Y. 2023). “” 6 Del. C. § 18-701. Accordingly, the members of a Delaware LLC do not possess any legal interest in the assets of the LLC.”
Ismail, A. v. Volvo Grp. North (Pa. Super. Ct. 2018). “" 4 companies); 6 Del.C. § 18-701 (''A limited liability company interest is personal property.”
Stone & Paper Investors, LLC v. Richard Blanch (Del. Ch. 2020). “Nor is there any allegation that Red Bridge’s membership interests were reduced or that Red Bridge had any individual right to the Company’s assets. A member of a limited liability company has no interest in the specific assets owned by the limited liability company.”
Focus Fin. Fin. Partners, LLC v. Holsopple (Del. Ch. 2020). “6 Del C. § 18-701. The law of another jurisdiction can readily govern the transfer of personal property.”
New Enter. Assocs. 14, L.P. v. Rich (Del. Ch. 2023). “243 The argument about collapsing the entity divide is not a basis to declare the Covenant facially invalid. 4. The Opinions In Manti The majority and dissenting opinions in Manti provide insight into how the Delaware Supreme Court viewed a similar public policy issue.”
Jordan v. Mirra (D. Del. 2022). “” 6 Del. Code § 18-701; see also Credit Suisse Securities (USA) LLC v.”
Arkansas Nursing Home Acquisition, LLC v. CFG Cmty. Bank (D. Maryland 2020). “” (quoting 6 Del. C. § 18-701)). 8 New Milestone is named as a Defendant in Counts I, II, III, IV, V, VII, VIII, IX, X, and XV.”
Kuramo Capital Mgmt., LLC v. Seruma (Del. Ch. 2024). “13 6 Del. C. § 18-701; see also JX-7 § 8.7. 14 JX-7 § 13.”
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