N.Y. Limited Liability Company Law § 608: Powers of estate of a deceased or incompetent member

§ 608. Powers of estate of a deceased or incompetent member. If a

member who is a natural person dies or a court of competent jurisdiction

adjudges him or her to be incompetent to manage his or her person or his

or her property, the member's executor, administrator, guardian,

conservator or other legal representative may exercise all of the

member's rights for the purpose of settling his or her estate or

administering his or her property, including any power under the

operating agreement of an assignee to become a member. If a member is a

corporation, trust or other entity and is dissolved or terminated, the

powers of that member may be exercised by its legal representative or

successor.