Statement of Membership Interest. At the request of any member, the Company shall state in writing, the particular membership interest owned by that member as of the moment the Company makes the statement. The statement must describe the member’s rights to vote, to share in profits and losses, and to share in distributions, as well as any assignment or the member’s rights then in effect.
Statement of Membership Interest. At the request of any member, the Company shall state in writing the particular Membership Interest owned by that member as of the moment the Company makes the statement. The statement must describe the member’s rights to vote, to share in profits and losses, and to share in distributions, restrictions on assignments of financial rights under Minnesota Statutes, Section 322B.31, Subd. 3, or governance rights under Minnesota Statutes, Section 322B.313, Subd. 6, then in effect, as well as any assignment of the member’s rights then in effect other than a security interest. The statement may not serve as a vehicle by which a transfer of any membership interest may be effected.
