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Alaska Statutes.

Title 10. Corporations and Associations

Chapter 50. Alaska Revised Limited Liability Company Act

Section 180. Rights of Assignor When Assignee Becomes a Member.

AS 10.50.180. Rights of Assignor When Assignee Becomes a Member.

Unless otherwise provided in an operating agreement of the company, when an assignee of a member's limited liability company interest becomes a member of the company with respect to the assignor's entire interest, the assignor ceases to be a member or to have the power to exercise the rights of a member.

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Last modified 9/3/2005