N.Y. Limited Liability Company Law § 606: Withdrawal of a member

§ 606. Withdrawal of a member. (a) A member may withdraw as a member

of a limited liability company only at the time or upon the happening of

events specified in the operating agreement and in accordance with the

operating agreement. Notwithstanding anything to the contrary under

applicable law, unless an operating agreement provides otherwise, a

member may not withdraw from a limited liability company prior to the

dissolution and winding up of the limited liability company.

Notwithstanding anything to the contrary under applicable law, an

operating agreement may provide that a membership interest may not be

assigned prior to the dissolution and winding up of the limited

liability company.

(b) A limited liability company whose original article of organization

were filed with the secretary of state and effective prior to the

effective date of this subdivision shall continue to be governed by this

section as in effect on such date and shall not be governed by this

section, unless otherwise provided in the operating agreement.