Wash. Rev. Code » Title 25 · Chapter 25.15
Revised Code of Washington

Wash. Rev. Code § 25.15.246 (2026)

✓ current as of May 2026
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(1) The only interest of a member that is transferable is the member's transferable interest. A transferable interest is personal property. A member has no interest in specific limited liability company property.
(2) A limited liability company agreement may provide that a transferable interest may be evidenced by a certificate of limited liability company interest issued by the limited liability company and may also provide for the transfer of any transferable interest represented by such a certificate and make other provisions with respect to such certificate.
[ 2015 c 188 s 48.]
Notes of Decisions
Cited in 3 cases (1 in the last 5 years), 2016–2026 · leading case: In Re The Guardianship Of Ella Nora Denny (Wash. Ct. App. 2016).
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In Re The Guardianship Of Ella Nora Denny (Wash. Ct. App. 2016). “RCW 25.15.246(1) (emphasis added). The Act defines "transferable interest" as "a member's or transferee's right to receive distributions of the limited liability company's assets.”
Larissa Sobjack v. Casey Lee Sobjack (Wash. Ct. App. 2020). “There appears to be no legal reason for Casey to transfer the property to the marital community first and then transfer it again to the LLC, if the sole purpose was to avoid the payment of excise taxes. Moreover, as a matter of law, Casey cannot retain an ownership interest in…”
Liao Hua, V. Gang Yuan (Wash. Ct. App. 2026). “See RCW 25.15.246(1); Bravern Residential, 183 Wn.”
— Wash. Rev. Code § 25.15.246(1) — 3 cases
In Re The Guardianship Of Ella Nora Denny (Wash. Ct. App. 2016). “RCW 25.15.246(1) (emphasis added). The Act defines "transferable interest" as "a member's or transferee's right to receive distributions of the limited liability company's assets.”
Larissa Sobjack v. Casey Lee Sobjack (Wash. Ct. App. 2020). “There appears to be no legal reason for Casey to transfer the property to the marital community first and then transfer it again to the LLC, if the sole purpose was to avoid the payment of excise taxes. Moreover, as a matter of law, Casey cannot retain an ownership interest in…”
Liao Hua, V. Gang Yuan (Wash. Ct. App. 2026). “See RCW 25.15.246(1); Bravern Residential, 183 Wn.”
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