Section 10.50.210. Effect of death or incompetency on membership.

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Unless otherwise provided in an operating agreement or by the written consent of all of the members at the time, the membership of a member of a limited liability company who is an individual terminates if the member dies, or if a court of competent jurisdiction enters an order adjudicating the member incompetent to manage the member's person or property.

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History

(Sec. 1 ch 99 SLA 1994)

                    
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