Common use of Transfer of Membership Clause in Contracts

Transfer of Membership. Membership shall not be transferred except with the approval and consent of the Board of Managers and in accordance with the Capital Units Transfer System.

Appears in 20 contracts

Samples: Operating Agreement, Operating Agreement (South Dakota Soybean Processors LLC), Operating Agreement

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Transfer of Membership. Membership shall not be transferred except with the approval and consent of the Board of Managers and in accordance with the Capital Units Transfer System.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement (Northern Growers LLC)

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Transfer of Membership. Membership shall not be transferred except with the approval and consent of the Board of Managers and in accordance with the Capital Units Transfer System.. 10.6

Appears in 1 contract

Samples: Operating Agreement (Lake Area Corn Processors LLC)

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