Del. Code tit. 6 § 18-701 : COMMERCE AND TRADE — OTHER LAWS RELATING TO COMMERCE AND TRADE — LIMITED LIABILITY COMPANY ACT — ASSIGNMENT OF LIMITED LIABILITY COMPANY INTERESTS —701 - Nature of limited liability company interest TEXT PDF A limited liability company interest is personal property. A member has no interest in specific limited liability company property. 6 Del. C. § 18-701 68 Del. Laws, c. 434, §1.;