Common use of Nature of Interest Clause in Contracts

Nature of Interest. A Member's interest in the Company will be considered personal property, and will at no time be considered real property.

Appears in 5 contracts

Sources: Operating Agreement (Korth Direct Mortgage LLC), Operating Agreement (Korth Direct Mortgage LLC), Operating Agreement (Korth Direct Mortgage LLC)

Nature of Interest. A Member's interest in the Company Corporation will be considered personal property, and will at no time be considered real property.

Appears in 1 contract

Sources: Operating Agreement