{"data":{"id":"us-la/rs-12-1332","jurisdiction":"us-la","citation":"RS 12:1332","heading":"Right of assignee to become a member","body":"A. Except as otherwise provided in the articles of organization or a written operating agreement:\n(1) An assignee of an interest in a limited liability company shall not become a member or participate in the management of the limited liability company unless the other members unanimously consent in writing.\n(2) Until the assignee of an interest in a limited liability company becomes a member, the assignor shall continue to be a member.\nB. An assignee who becomes a member has, to the extent assigned, the rights and powers, and is subject to the restrictions and liabilities, of a member under the articles of organization, any operating agreement, and this Chapter. Except as otherwise provided in the articles of organization or a written operating agreement, an assignee who becomes a member also shall be liable for any obligations of his assignor to make contributions under R.S. 12:1322 and to return under R.S. 12:1328(A) distributions received in violation of R.S. 12:1327. However, the assignee shall not be obligated for liabilities unknown to the assignee at the time that he became a member.\nC. Whether or not an assignee of a membership interest becomes a member, the assignor shall not be released from his liability to the limited liability company under R.S. 12:1322 and 1328.","path":["TITLE 12. CORPORATIONS AND ASSOCIATIONS"],"source_url":"https://www.legis.la.gov/legis/Law.aspx?d=76285","current_through":"2025 First Extraordinary Session","vintage":"","retrieved_at":"2026-09-14T04:51:14Z","sha256":"914312230ac773c98a2ac86bb8f2f14aeb33777f41be572a2c49351047f24274","source_id":"us-la","stale":false,"prev":"us-la/rs-12-1331","next":"us-la/rs-12-1333"},"notice":"GroundRules: Original legal text. Not legal advice."}