GroundRules
AS 10.50.205: Removal of member.
Where this section sits in the code
- Title 10. Corporations and Associations.
- Chapter 50. Alaska Revised Limited Liability Company Act.
- Article 6. Membership.
(a) A person's membership in a limited liability company may not be terminated by removal except as provided by (b) or (c) of this section.
(b) Except as provided in (c) of this section, a person's membership in a limited liability company terminates if the person assigns all of the person's interest in the company and if a majority of the members who have not assigned their interests in the company authorize the removal of the person as a member.
(c) If an operating agreement of the company provides for the removal of a member with or without cause, a person's membership in a limited liability company terminates if the person is removed as a member in the manner and under the circumstances provided in the agreement.
Collected 2026-09-02T06:16:39Z. Source file · JSON