Assignees and Substitute Members. 27 10.3. Effect of Admission as a Substitute Member . . . . . . . . . . 28 10.4.
Assignees and Substitute Members. (a) Unless and until admitted as a substitute Member as provided below, a permitted Transferee of a Member's Interest in whole or in part shall be an assignee with respect to such Interest or portion thereof and shall not be entitled to participate in the management of the Business and affairs of the Company or to become or to exercise the rights of a Member, including the right to vote, the right to appoint Representatives, the right to require any information or accounting of the Business or the right to inspect the Company's books and records or its facilities. Such Transferee shall only be entitled to receive, to the extent of the Interest Transferred to such Transferee, the share of distributions, including distributions representing the return of Capital Contributions, to which the Transferor would otherwise be entitled with respect to the Transferred Interest or portion thereof.
Assignees and Substitute Members. 6.2A Except as may be set forth in Section 6.3, if a Member dies, his personal representative or trustee, or, if he is adjudicated incompetent, his guardian or conservator, or, if he becomes bankrupt, the receiver or trustee of his estate, shall have all the rights of an Economic Interest Owner for the purpose of settling or managing his estate and such power as the decedent or incompetent possessed to assign all or any part of his Interest and to join with the assignee thereof in satisfying conditions precedent to such assignee becoming a Substituted Member.
Assignees and Substitute Members. (a) If a Member dies, his executor, administrator or trustee, or, if he is adjudicated incompetent, his committee, guardian or conservator, or, if he becomes bankrupt, the trustee or receiver of his estate, will have all the rights of a Member for the purpose of settling or managing his estate and such power as the decedent or incompetent possessed to assign all or any part of his LLC Interests and to join with the assignee thereof in satisfying conditions precedent to such assignee becoming a Substitute Member. The death, dissolution, adjudication of incompetence or bankruptcy of a Member will not dissolve the Company unless by Majority Vote the remaining Members consent to dissolve the Company.
