17-76,106. Resignation of member.
17-76,106
17-76,106. Resignation of member.
A member may resign from a limited liability company only
at the time or upon
the happening of events specified in agreement and in accordance with the
operating agreement.
Notwithstanding anything to the contrary under applicable law, unless the
operating agreement
provides otherwise, a member may resign from a limited liability company prior
to the dissolution
and winding up of the limited liability company. Upon resignation the member
shall be deemed to
be an assignee and shall have only the rights of an assignee. The resigned
member is not released
from the member's liability, if any, to a limited liability company.
Notwithstanding anything to the
contrary under applicable law, the operating agreement may provide that a
limited liability company
interest may not be assigned prior to the dissolution and winding up of the
limited liability company.
History: L. 1999, ch. 119, § 45; Jan. 1, 2000.