Dissociation of a Member. A member shall have the right to discontinue membership upon giving thirty days notice. A member shall cease to have the right to membership upon death, court-ordered incapacity, bankruptcy or expulsion. The limited liability company shall have the right to buy the interest of any dissociated member at fair market value.
Appears in 4 contracts
Samples: Limited Liability Company Operating Agreement, Operating Agreement, endurancelasers.com
Dissociation of a Member. A member shall have the right to discontinue membership upon giving thirty sixty days notice. A member shall cease to have the right to membership upon death, court-court- ordered incapacity, bankruptcy or expulsion. The limited liability company shall have the right to buy the interest of any dissociated member at fair market value.
Appears in 1 contract
Samples: Limited Liability
