A Standard Document illustrating an amendment to a limited liability company agreement. In the amendment, the members elect to treat the membership interests as a security within the meaning of Article 8 of the Uniform Commercial Code (UCC). This Standard Document is used to allow an investor member or secured creditor the ability to obtain protected purchaser status and to insure the lender's or investor's interests in the LLC interests with a UCC insurance policy. This Standard Document has integrated notes with important explanations and drafting tips.