Certain Prohibited Assignments. No assignment or other disposition of any Company Interest may be made without an opinion of counsel satisfactory to the Company that such assignment or disposition is subject to an effective registration under, or is exempt from the registration requirements of, the applicable state and Federal securities laws, unless the Company waives in writing the requirement for an opinion of counsel. No Company Interest may be assigned or given to a Person who has been adjudged to be insane or incompetent.
Appears in 6 contracts
Samples: Limited Liability Company Agreement (Rhino Equity LLC), Limited Liability Company Agreement (Tarantula Ventures LLC), LLC Operating Agreement (Tarantula Ventures LLC)