Section 17-30-602 - Interests; units and shares(a) Repealed by Laws 2021, ch. 98, § 2.(b) Repealed by Laws 2021, ch. 98, § 2.(c) No creditor of a beneficiary shall have any right to obtain possession of, or otherwise exercise legal or equitable remedies with respect to, the property of the statutory foundation.(d) Repealed by Laws 2021, ch. 98, § 2.(e) Except to the extent otherwise provided in the operating agreement, the transferee of the beneficial interest of a beneficiary in the statutory foundation shall have all the rights and duties of a beneficiary of the statutory foundation, except those provided in subsection (f) of this section.(f) Except to the extent otherwise provided in the operating agreement, if a beneficiary of a statutory foundation becomes entitled to receive a distribution, the beneficiary has the status of, and is entitled to all remedies available to, a creditor of the statutory foundation with respect to the distribution. The operating agreement may provide for the establishment of record dates with respect to distributions by a statutory foundation.(g) The operating agreement may authorize the statutory foundation to issue units or shares having the same or separate rights, powers or duties with respect to specified property, payments or other interests of the statutory foundation. The operating agreement may provide the terms or conditions of units or shares issued by the statutory foundation.(h) A person may receive units or shares issued pursuant to subsection (g) of this section without: (i) Being or becoming a beneficiary or contributor of the statutory foundation;(ii) Acquiring any rights or duties of a beneficiary of the statutory foundation; or(iii) Making or being obligated to make a contribution to the statutory foundation.(j) No creditor of a holder of units or shares issued by a statutory foundation shall have any right to obtain possession of, or otherwise exercise legal or equitable remedies with respect to, the property of the statutory foundation.Amended by Laws 2021 , ch. 98, § 1 and 2, eff. 4/5/2021.Added by Laws 2019 , ch. 190, § 1, eff. 7/1/2019.