Differences in rights and obligations of members.

Checkout our iOS App for a better way to browser and research.

§414D-84 Differences in rights and obligations of members. (a) All members shall have the same rights and obligations with respect to voting, dissolution, redemption, and transfer; unless the articles or bylaws establish classes of membership with different rights or obligations.

(b) All members shall have the same rights and obligations with respect to any other matters, except as set forth in or authorized by the articles or bylaws. [L 2001, c 105, pt of §1]


Download our app to see the most-to-date content.