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Alabama · Through Act 2026-611

Ala. Code § 10A-5A-11.05: Member’s Power to Dissociate as a Member Associated with a Series; Wrongful Dissociation.

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Where this section sits in the code
  1. Title 10A Alabama Business and Nonprofit Entities Code.
  2. Chapter 5A Alabama Limited Liability Company Law of 2014.
  3. Article 11 Series Provisions.

(a) A person has the power to dissociate as a member associated with a series.

(b) A person’s dissociation from a series is wrongful only if:

(1) it is in breach of an express provision of the limited liability company agreement; or

(2) the person is expelled as a member associated with the series by judicial determination under Section 10A-5A-11.06(f); or

(3) the person is dissociated as a member associated with a series by becoming a debtor in bankruptcy or making a general assignment for the benefit of creditors.

(c) A person that wrongfully dissociates as a member associated with a series is liable to the series and, subject to Section 10A-5A-9.01, to the other members associated with that series for damages caused by the dissociation. The liability is in addition to any other debt, obligation, or liability of the member associated with a series to the series or the other members associated with that series.

Collected 2026-09-03T14:01:53Z. Source file · JSON

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