Common use of Restrictions on Assignment of Interests Clause in Contracts

Restrictions on Assignment of Interests. No member shall make or effect an Assignment of all, or any part of, such Original Member’s Interest, except with the consent of the Original Member. A creditor shall only obtain an assignment in membership interest, not the actual transfer of Membership in the LLC.

Appears in 74 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

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