Common use of Death of Member Clause in Contracts

Death of Member. Upon the death of the Member, the Company shall be dissolved. By separate written documentation, the Member shall designate and appoint the individual who will wind down the Company’s business and transfer or distribute the Member's Interests and Capital Account as designated by the Member or as may otherwise be required by law.

Appears in 280 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

AutoNDA by SimpleDocs

Death of Member. Upon the death of the Member, the Company shall be dissolved. By separate written documentation, the Member shall designate and appoint the individual who will wind down the Company’s 's business and transfer or distribute the Member's Interests and Capital Account as designated by the Member or as may otherwise be required by law.

Appears in 3 contracts

Samples: Operating Agreement, Operating Agreement, Single Member Operating Agreement

AutoNDA by SimpleDocs

Death of Member. Upon the death of the Member, the Company shall be dissolved. By separate written documentation, the Member shall designate and appoint the individual who will wind down the Company’s business and transfer or distribute the Member's ’s Interests and Capital Account as designated by the Member or as may otherwise be required by law.. b.)

Appears in 1 contract

Samples: Operating Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!