{"data":{"id":"us-az/a.r.s.-29-3603","jurisdiction":"us-az","citation":"A.R.S. § 29-3603","heading":"Effect of dissociation","body":"A. If a person is dissociated as a member, all of the following apply:\n\n1. The person's right to participate as a member in the management and conduct of the limited liability company's activities and affairs terminates.\n\n2. The person's duties and obligations under section 29-3409 as a member end with regard to matters arising and events occurring after the person's dissociation.\n\n3. Subject to section 29-3504 and article 10 of this chapter, any transferable interest owned by the person in the person's capacity as a member immediately before dissociation is owned by the person solely as a transferee.\n\nB. A person's dissociation as a member does not of itself discharge the person from any debt, obligation or other liability to the limited liability company or the other members that the person incurred while a member.","path":["Title 29 Partnership"],"source_url":"https://www.azleg.gov/ars/29/03603.htm","current_through":"2026-09-04","vintage":"2026-08-09","retrieved_at":"2026-09-04T00:49:56Z","sha256":"450f6ca9235ed9571a84dd58991567cb8ae7e0cebdd7a13753140bb2ac6d5765","source_id":"us-az","stale":true,"prev":"us-az/a.r.s.-29-3602","next":"us-az/a.r.s.-29-361"},"notice":"GroundRules: Original legal text. Not legal advice."}