[§428-502]  Transfer of distributionalinterest.  A transfer of a distributional interest does not entitle thetransferee to become or to exercise any rights of a member.  A transferentitles the transferee to receive, to the extent transferred, only the distributionsto which the transferor would be entitled.  A member ceases to be a member upontransfer of all of the member's distributional interest, other than a transferfor security purposes, or a court order charging the member's distributionalinterest, which has not been foreclosed. [L 1996, c 92, pt of §1]