Section 10.50.165. Authorization for assignee to become member.

Latest version.

   (a) Unless otherwise provided in an operating agreement of the company, an assignee of a limited liability company interest may not become a member unless all other members consent.
   (b) An operating agreement of the company may specify the manner for evidencing the consent required by (a) of this section. If an operating agreement does not specify the manner for evidencing the consent, the consent is evidenced by a written instrument that is dated and signed by the members.

Authorities

10.50.155

Notes

References

AS 10.50.155 Membership requirements.

History

(Sec. 1 ch 99 SLA 1994)

                    
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