GroundRules
AS 10.50.180: Rights of assignor when assignee becomes a member.
Where this section sits in the code
- Title 10. Corporations and Associations.
- Chapter 50. Alaska Revised Limited Liability Company Act.
- Article 6. Membership.
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.
Collected 2026-09-02T06:16:39Z. Source file · JSON