Alaska Stat. § 10.50.210

Current through Chapter 1 of the 2024 Legislative Session
Section 10.50.210 - Effect of death or incompetency on membership

Unless otherwise provided in an operating agreement or by the written consent of all of the members at the time, the membership of a member of a limited liability company who is an individual terminates if the member dies, or if a court of competent jurisdiction enters an order adjudicating the member incompetent to manage the member's person or property.

AS 10.50.210