The Hohfeldian Concept of Share in Limited Liability Companies: A View From the Common and Civil Law Traditions

34 Pages Posted: 10 Jul 2019

See all articles by Lécia Vicente

Lécia Vicente

Louisiana State University, Baton Rouge - Paul M. Hebert Law Center

Date Written: 2018

Abstract

This Article draws upon the question: How do restrictions on transfers of shares of limited liability companies (LLCs) affect the “physiology” and “morphology” of property rights in those shares? The purpose of this Article is to scrutinize the effects such restrictions have on the definition of property rights members of LLCs hold in their shares. In this context, I use the term “un-consented transfer of shares” as my laboratory.

Keywords: LLCs, property rights, operating agreement, common law, civil law

Suggested Citation

Vicente, Lécia, The Hohfeldian Concept of Share in Limited Liability Companies: A View From the Common and Civil Law Traditions (2018). Tulane European and Civil Law Forum, Vol. 33, 2018, Available at SSRN: https://ssrn.com/abstract=3314855

Lécia Vicente (Contact Author)

Louisiana State University, Baton Rouge - Paul M. Hebert Law Center ( email )

1 E Campus Dr
Baton Rouge, LA 70803
United States

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