Rights of Personal Representative. On the death or legal incompetency of a Member, his personal representative shall have all the rights of that Member for the purpose of settling his estate or managing his property, including the rights of assignment and withdrawal.
Appears in 5 contracts
Samples: Operating Agreement (IMH Financial Corp), Limited Liability Company Operating Agreement (IMH Secured Loan Fund, LLC), Limited Liability Company Operating Agreement (Vestin Fund Iii LLC)
Rights of Personal Representative. On the death or legal incompetency of a Member, his personal representative shall have all the rights of that Member for the purpose purposes of settling his estate or managing his property, including the rights of assignment and withdrawal.
Appears in 2 contracts
Samples: Operating Agreement (Global Express Capital Real Estate Investment Fund I LLC), Operating Agreement (Amerifirst Fund I LLC)
Rights of Personal Representative. On the death death, incompetence, --------------------------------- dissolution or legal incompetency Bankruptcy of a Member, his or her personal representative representative, executor, administrator, guardian or conservator shall have all the rights of that a Member for the purpose of settling his estate such Member's estate, or managing his administering such Member's property, including the rights power of assignment and withdrawalassignment.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Pointcast Inc)
Rights of Personal Representative. On the death or legal incompetency of a MemberLimited Partner, his personal representative shall have all the rights of that Member a Limited Partner for the purpose of settling his estate or managing his property, including the rights of assignment and withdrawal.
Appears in 1 contract
Samples: Limited Partnership Agreement (Owens Mortgage Investment Fund)
