An assignment of a member’s interest in an LLC with or without the approval of the other members: a. dissolves the LLC. b. doesn’t dissolve the LLC. c. automatically gives the buyer the rights of the manager. d. automatically entitles the buyer to governi
Question:
An assignment of a member’s interest in an LLC with or without the approval of the other members:
a. dissolves the LLC.
b. doesn’t dissolve the LLC.
c. automatically gives the buyer the rights of the manager.
d. automatically entitles the buyer to governing rights held by a voting member.
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Josie April 15, 2023 в 07:48Answer: b. doesn't dissolve the LLC. Explanation: An assignment of a member's interest in an LLC means the member is transferring all or part of their ownership interest to another person or entity. This transfer can only be done with the approval of the other members if the LLC operating agreement requires it. However, the assignment of a member's interest does not dissolve the LLC. The LLC will continue to operate with the remaining members and the buyer of the interest will become a new member with all the rights and responsibilities associated with that interest, but not necessarily the rights of the manager or governing member.
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