Rights of Legal Representatives Sample Clauses

Rights of Legal Representatives. If a Member who is an individual dies or is adjudged by a court of competent jurisdiction to be incompetent to manage the Member's person or property, the Member's executor, administrator, guardian, conservator, or other legal representative may exercise all of the Member's rights for the purpose of settling the Member's estate or administering the Member's property, including any power the Member has under the Articles or this Agreement to give an assignee the right to become a Member. If a Member is a corporation, trust, or other entity and is dissolved or terminated, the powers of that Member may be exercised by his or her legal representative or successor.
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Rights of Legal Representatives. If a Member who is an ------------------------------- individual dies or is adjudged by a court of competent jurisdiction to be incompetent to manage the Member's person or property, the Member's executor, administrator, guardian, conservator, or other legal representative may exercise all of the Member's rights for the purpose of settling the Member's estate or administering the Member's property, including any power the Member has under this Agreement to give an Assignee the right to become a Member.
Rights of Legal Representatives. 29 7.5 No Effect to Transfers in Violation of Agreement............................................29
Rights of Legal Representatives. If a Member is a corporation, trust, or other entity and is dissolved or terminated, the powers of that Member may be exercised by his or her legal representative or successor.
Rights of Legal Representatives. Subject to the provisions of this Article 10, in the event of the death or permanent disability of a Member, the Member's executor, administrator, guardian, conservator or other legal representative may exercise all of the Member's rights for the purpose of settling the Member's estate or administering the Member's property, including any power the Member is entitled to exercise under this Agreement. Subject to the provisions of this Article 10, in the event of the dissolution or liquidation of a Member, the powers of that Member may be exercised by its legal representative or successor-in-interest.
Rights of Legal Representatives. If a Member who is an individual dies or is adjudged by a court of competent jurisdiction to be incompetent to manage the Member’s person or property, that Member’s executor, administrator, guardian, conservator or other legal representative may exercise all that Member’s rights for the purpose of settling the estate or administering that Member’s property, including any power that Member has under the Articles or this Agreement to give an assignee the right to become a Member, or complying with that Member’s obligations under the Agreement. If a Member is an entity and is dissolved or terminated, its legal representative or successor shall be likewise empowered.
Rights of Legal Representatives. Subject to the provisions of ------------------------------- Section 9.2, if a Member who is an individual dies or is adjudged by a court of competent jurisdiction to be incompetent to manage the Member's person or property, the Member's executor, administrator, guardian, conservator, or other legal representative shall have all the rights of a holder of an Economic Interest, but shall have no right to become a substitute Member without the consent otherwise required pursuant to this Agreement. If a Member is a corporation, trust, or other entity and is dissolved or terminated, the powers described in the preceding sentence may be exercised by such Member's legal representative or successor.
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Rights of Legal Representatives. If a Member is dissolved or terminated, the powers of that Member may be exercised by its legal representative or successor.
Rights of Legal Representatives. If a Stockholder who is an individual dies or is adjudged by a court of competent jurisdiction to be incompetent to manage the Stockholder's person or property, the Stockholder's executor, administrator, guardian, conservator, or other legal representative may exercise all of the Stockholder's rights for the purpose of settling the Stockholder's estate or administering the Stockholder's property. If a Stockholder is a corporation, trust, or other entity and is dissolved or terminated, the powers of that Stockholder may be exercised by its legal representative or successor.
Rights of Legal Representatives. If a Partner who is an individual dies or is adjudged by a court of competent jurisdiction to be incompetent to manage the Partner's person or property, the Partner's executor, administrator, guardian, conservator, or other legal representative may exercise all of the Partner's rights for the purpose of settling the Partner's estate or administering the Partner's property, including any power the Partner has under the articles or this Agreement to give an assignee the right to become a Partner. If a Partner is a corporation, trust, or other entity and is dissolved or terminated, the powers of that Partner may be exercised by the Partner's legal representative or successor, until the sooner of (i) such Partner is dissolved or terminated, or (ii) such Partner assigns all of the Partner's interest to another.
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