Alaska Statutes (Last Updated: January 11, 2017) |
Title 10. CORPORATIONS AND ASSOCIATIONS. |
Chapter 10.50. ALASKA REVISED LIMITED LIABILITY COMPANY ACT. |
Article 10.50.10. OWNERSHIP AND TRANSFER OF PROPERTY; CREDITORS. |
Section 10.50.385. Rights of estate or legal representative of deceased or incompetent member.
Latest version.
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If a member who is an individual dies or if a court of competent jurisdiction determines the member to be incompetent to manage the member's person or property, the member's executor, administrator, guardian, conservator, or other legal representative has the rights of an assignee of the member's interest, if the member's interest has not been terminated.
Notes
History
(Sec. 1 ch 99 SLA 1994)