{"data":{"id":"us-dc/d.c.-code-29-806.03","jurisdiction":"us-dc","citation":"D.C. Code § 29-806.03","heading":"Effect of person’s dissociation as member.","body":"(a)\nWhen a person is dissociated as a member of a limited liability company:\n(1)\nThe person’s right to participate as a member in the management and conduct of the company’s activities and affairs shall terminate;\n(2)\nIf the company is member-managed, the person’s duties and obligations under § 29-804.09 end with regard to matters arising and events occurring after the person’s dissociation; and\n(3)\nSubject to § 29-805.04, subchapter IX of this chapter, and Chapter 2 of this title, any transferable interest owned by the person immediately before dissociation in the person’s capacity as a member is owned by the person solely as a transferee.\n\n(b)\nA person’s dissociation as a member of a limited liability company shall not of itself discharge the person from any debt, obligation, or other liability to the company or the other members which the person incurred while a member.","path":["Title 29. Business Organizations. [Enacted title]","Chapter 8. Limited Liability Companies.","Subchapter VI. Member’s Dissociation."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/29-806.03","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"93fd33c661f47f4989f3b9b3dd3a0688eba3be8710dabd3f4ecdd4707b2e5713","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-29-806.02","next":"us-dc/d.c.-code-29-807.01"},"notice":"GroundRules: Original legal text. Not legal advice."}