GroundRules
← Search the law
New Hampshire · Through 2025 regular legislative session, or December 2025

RSA 304-C:121: Transfers of Membership Rights.

Read at publisher ↗
Where this section sits in the code
  1. Title XXVIII: PARTNERSHIPS
  2. Chapter 304-C: LIMITED LIABILITY COMPANIES
  3. 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

Browse this collection