§414D-84 - Differences in rights and obligations of members.
[§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]