Death or Disability of a Member. Upon the Disability or death of a Member, such Member shall cease to be a member of the Company and such disabled Member or the legal representative of such deceased Member’s estate (or the trustee of a living trust established by such deceased Member if such Member’s Interests have been transferred to such trust) shall have the rights only of an assignee.
Appears in 3 contracts
Samples: Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement
Death or Disability of a Member. Upon the Disability or death of a Member, such that Member shall will cease to be a member of the Company and such that disabled Member or the legal representative of such that deceased Member’s estate (or the trustee of a living trust established by such that deceased Member if such that Member’s Interests have been transferred to such a trust) shall will have the rights only of an assignee.
Appears in 1 contract
Samples: Company Agreement
