Sec. 10.50.180. Rights of assignor when assignee becomes a member.

AK Stat § 10.50.180 (2019) (N/A)
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Unless otherwise provided in an operating agreement of the company, when an assignee of a member's limited liability company interest becomes a member of the company with respect to the assignor's entire interest, the assignor ceases to be a member or to have the power to exercise the rights of a member.