Effective: December 3, 1999
Latest Legislation: House Bill 312 - 123rd General Assembly
Upon withdrawal, a member withdrawing from a limited liability company has the right to receive any distribution to which the member is entitled under the operating agreement and, except as otherwise provided in that agreement, the withdrawing member shall be treated as if the member were an assignee of all of the member's membership interest as of the date of withdrawal.
Last updated April 22, 2021 at 5:41 PM