Improper Transfers. The Company shall not recognize on its books any voluntary or involuntary Transfer in violation of this Agreement, and any such purported Transferee shall not be recognized as a Member and shall not be entitled to any rights or powers accorded to a Member under law or this Agreement.
Appears in 3 contracts
Sources: Limited Liability Company Agreement, Operating Agreement, Limited Liability Company Agreement
Improper Transfers. The Company shall not recognize on its books any voluntary or involuntary Transfer in violation of this Agreement, and any such purported Transferee shall not be recognized as a Member and shall not be entitled to any rights or powers accorded to a Member under law or this Agreement.a
Appears in 2 contracts
Sources: Limited Liability Company Agreement, Limited Liability Company Agreement