Alaska Stat. § 10.50.180

Current through Chapter 12 of the 2024 Legislative Session

Section 10.50.180 - Rights of assignor when assignee becomes a member

Unless otherwise provided in an operating agreement of the company, when an assignee of a member's limited liability company interest becomes a member of the company with respect to the assignor's entire interest, the assignor ceases to be a member or to have the power to exercise the rights of a member.

AS 10.50.180