Neb. Rev. Stat. » Chapter 21
Nebraska Revised Statutes

Neb. Rev. Stat. § 21-141 (2026)

Transfer of transferable interest

✓ text as last checked Oct. 2026 (this copy records no edition or section history)
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(RULLCA 502) (a) A transfer, in whole or in part, of a transferable interest:

(1) is permissible;

(2) does not by itself cause a member's dissociation or a dissolution and winding up of the limited liability company's activities; and

(3) subject to section 21-143, does not entitle the transferee to:

(A) participate in the management or conduct of the company's activities; or

(B) except as otherwise provided in subsection (c) of this section, have access to records or other information concerning the company's activities.

(b) A transferee has the right to receive, in accordance with the transfer, distributions to which the transferor would otherwise be entitled.

(c) In a dissolution and winding up of a limited liability company, a transferee is entitled to an account of the company's transactions only from the date of dissolution.

(d) A transferable interest may be evidenced by a certificate of the interest issued by the limited liability company in a record, and, subject to this section, the interest represented by the certificate may be transferred by a transfer of the certificate.

(e) A limited liability company need not give effect to a transferee's rights under this section until the company has notice of the transfer.

(f) A transfer of a transferable interest in violation of a restriction on transfer contained in the operating agreement is ineffective as to a person having notice of the restriction at the time of transfer.

(g) Except as otherwise provided in subdivision (4)(B) of section 21-145, when a member transfers a transferable interest, the transferor retains the rights of a member other than the interest in distributions transferred and retains all duties and obligations of a member.

(h) When a member transfers a transferable interest to a person that becomes a member with respect to the transferred interest, the transferee is liable for the member's obligations under section 21-132 and subsection (c) of section 21-135 known to the transferee when the transferee becomes a member.

Notes of Decisions
Cited in 2 cases (1 in the last 5 years), 2020–2022 · leading case: Benjamin v. Bierman, 943 N.W.2d 283 (Neb. 2020).
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Benjamin v. Bierman, 943 N.W.2d 283 (Neb. 2020). · cites it 3× “That section provides: Any Member may transfer by gift or bequest all or any portion of his or her interest in the Company to a spouse or child of the transferring Member, or to a trust established for the benefit of such spouse or child, or to an existing Member of the Company…”
Marquis Energy LLC v. PVD Lender, LLC, No. 8:21-cv-00426 (D. Neb. Mar. 7, 2022). · cites it 3× “In support, Marquis relies on § 21-141(f), which provides, “A transfer of a transferable interest in violation of a restriction on transfer contained in the operating agreement is ineffective as to a person having notice of the restriction at the time of transfer.”
Neb. Rev. Stat. § 21-141(f): 1 case
Marquis Energy LLC v. PVD Lender, LLC, No. 8:21-cv-00426 (D. Neb. Mar. 7, 2022). “In support, Marquis relies on § 21-141(f), which provides, “A transfer of a transferable interest in violation of a restriction on transfer contained in the operating agreement is ineffective as to a person having notice of the restriction at the time of transfer.”
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