RSA 304-C:121: Transfers of Membership Rights.
Where this section sits in the code
- Title XXVIII: PARTNERSHIPS
- Chapter 304-C: LIMITED LIABILITY COMPANIES
- Grants, Redemptions, and 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.
Collected 2026-09-05T14:54:51Z. Source file · JSON