State Codes and Statutes
Statutes > Alaska > Title-10 > Chapter-10-50 > Article-06 > Sec-10-50-205(a) A person's membership in a limited liability company may not be terminated by removal except as provided by (b) or (c) of this section.
(b) Except as provided in (c) of this section, a person's membership in a limited liability company terminates if the person assigns all of the person's interest in the company and if a majority of the members who have not assigned their interests in the company authorize the removal of the person as a member.
(c) If an operating agreement of the company provides for the removal of a member with or without cause, a person's membership in a limited liability company terminates if the person is removed as a member in the manner and under the circumstances provided in the agreement.
