N.Y. Limited Liability Company Law § 605: Liability upon assignment

§ 605. Liability upon assignment. Whether or not an assignee of a

membership interest becomes a member, the assignor of a membership

interest is not released from any liability under this chapter or the

operating agreement, except liabilities that arise after the

effectiveness of the assignment and are pursuant to section two hundred

ten of this chapter, section five hundred eight of this chapter or, in

the event the assignee becomes a member, unless otherwise provided in

the operating agreement, section five hundred two of this chapter.