{"data":{"id":"us-al/ala.-code-10a-5-6.03","jurisdiction":"us-al","citation":"Ala. Code § 10A-5-6.03","heading":"Right of Assignee to Become Member. Repealed in the 2014 Regular Session by Act 2014-144 Effective January 1, 2017.","body":"(a) Except as otherwise provided in the operating agreement:\n(1) An assignee of an interest in a limited liability company may become a member only if the other members unanimously consent. The consent of a member may be evidenced in any manner specified in the operating agreement, but in the absence of such a specification, consent shall be evidenced by a written instrument, dated and signed by the member.\n(2) The assignor of a membership interest is not released from liability to the limited liability company under Section 10A-5-5.02, whether or not the assignee becomes a member.\n(3) A member who assigns the member’s entire interest in the limited liability company ceases to be a member or to have the power to exercise any rights of a member when any assignee of the interest becomes a member with respect to the assigned interest.\n(b) An assignee who has become a member has, to the extent assigned, the rights and powers, and is subject to the restrictions and liabilities, of a member under the governing documents and this chapter. An assignee who becomes a member also is liable for the obligations of the assignor to make contributions as provided in Section 10A-5-5.02. The assignee is not obligated for liabilities that are unknown to the assignee at the time of becoming a member.","path":["Title 10A Alabama Business and Nonprofit Entities Code.","Chapter 5 Limited Liability Companies.","Article 6 Transfer of Membership Interest."],"source_url":"https://alison.legislature.state.al.us/code-of-alabama?section=10A-5-6.03","current_through":"Act 2026-611","vintage":"","retrieved_at":"2026-09-03T14:01:53Z","sha256":"4ae13c027e53a6b6cc725aa20f71449fa5d89449732e9230ad19a346d468d2f0","source_id":"us-al","stale":false,"prev":"us-al/ala.-code-10a-5-6.02","next":"us-al/ala.-code-10a-5-6.04"},"notice":"GroundRules: Original legal text. Not legal advice."}