N.H. Rev. Stat. § 304-C:121

Current through Chapter 381 of the 2024 Legislative Session

Section 304-C:121 - Transfers of Membership Rights

Unless the operating agreement provides otherwise, or as provided in RSA 304-C:123.

I. No member shall transfer all or any part of the member's membership rights to any transferee except upon a unanimous vote of the other members; and

II. Notwithstanding the members' voting in favor of the transfer of the membership rights, unless the transferee is admitted as a member of the limited liability company under the provisions of RSA 304-C:53, the transferee shall not be entitled to exercise the transferred management rights.

RSA 304-C:121

Entire chapter added by 2012, 232:2, eff. 1/1/2013.

2012, 232:2, eff. Jan. 1, 2013.