Rights of Legal Representatives Sample Clauses

Rights of Legal Representatives. If a Member who is an individual dies or is adjudged by a court of competent jurisdiction to be incompetent to manage the Member's person or property, the Member's executor, administrator, guardian, conservator, or other legal representative may exercise all of the Member's rights for the purpose of settling the Member's estate or administering the Member's property, including any power the Member has under the Articles or this Agreement to give an assignee the right to become a Member. If a Member is a corporation, trust, or other entity and is dissolved or terminated, the powers of that Member may be exercised by his or her legal representative or successor.
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Rights of Legal Representatives. If a Member who is an individual dies or is adjudged by a court of competent jurisdiction to be incompetent to manage the Member’s person or property, the Member’s executor, administrator, guardian, conservator, or other legal representative may exercise all of the Member’s rights for the purpose of settling the Member’s estate or administering the Member’s property, including any power the Member has under this Agreement to give an assignee the right to become a Member, subject in all events to the restrictions and limitations of this Article VIII.
Rights of Legal Representatives. 19 7.8 No Effect to Transfers in Violation of Agreement....................................19 7.9
Rights of Legal Representatives. If a Member is a corporation, limited liability company, or other entity and is dissolved or terminated, the powers of that Member may be exercised by its legal representative or successor.
Rights of Legal Representatives. If a Member who is an individual dies or is adjudged by a court of competent jurisdiction to be incompetent to manage the Member’s person or property, that Member’s executor, administrator, guardian, conservator or other legal representative may exercise all that Member’s rights for the purpose of settling the estate or administering that Member’s property, including any power that Member has under the Articles or this Agreement to give an assignee the right to become a Member, or complying with that Member’s obligations under the Agreement. If a Member is an entity and is dissolved or terminated, its legal representative or successor shall be likewise empowered.
Rights of Legal Representatives. Subject to the provisions of this Article 10, in the event of the death or permanent disability of a Member, the Member's executor, administrator, guardian, conservator or other legal representative may exercise all of the Member's rights for the purpose of settling the Member's estate or administering the Member's property, including any power the Member is entitled to exercise under this Agreement. Subject to the provisions of this Article 10, in the event of the dissolution or liquidation of a Member, the powers of that Member may be exercised by its legal representative or successor-in-interest.
Rights of Legal Representatives. Subject to the provisions of ------------------------------- Section 9.2, if a Member who is an individual dies or is adjudged by a court of competent jurisdiction to be incompetent to manage the Member's person or property, the Member's executor, administrator, guardian, conservator, or other legal representative shall have all the rights of a holder of an Economic Interest, but shall have no right to become a substitute Member without the consent otherwise required pursuant to this Agreement. If a Member is a corporation, trust, or other entity and is dissolved or terminated, the powers described in the preceding sentence may be exercised by such Member's legal representative or successor.
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Rights of Legal Representatives. If a Shareholder who is an individual dies or is adjudged by a court of competent jurisdiction to be incompetent to manage his or her person or property, such Shareholder's executor, administrator, guardian, conservator or other legal representative may exercise all of the Shareholder's rights hereunder for the purpose of settling the Shareholder's estate or administering the Shareholder's property. If a Shareholder is a corporation, trust or other entity and is dissolved or terminated, the powers of that Shareholder may be exercised by its legal representative or successor.
Rights of Legal Representatives. If a Partner who is an individual dies or is adjudged by a court of competent jurisdiction to be incompetent to manage the Partner’s person or property, the Partner’s executor, administrator, guardian, conservator, or other legal representative may exercise all of the Partner’s rights for the purpose of settling the Partner’s estate or administering the Partner’s property. If a Partner is a corporation, trust, or other entity and is dissolved or terminated, the powers of that Partner may be exercised by its legal representative or successor.
Rights of Legal Representatives. Subject to the foregoing provisions of this section 7, (a) if a Member who is a natural person dies or is adjudged by a court of competent jurisdiction to be incompetent to manage such Member's person or property, such Member's executor, administrator, guardian, conservator or other legal representative may exercise all of such Member's rights for the purpose of settling such Member's estate or administering such Member's property, including any power such Member has under the Articles or this Agreement to give an Assignee the right to become a Member, and (b) if a Member is a corporation, trust or other entity and is dissolved or terminated, the powers of that Member may be exercised by its legal representative or Successor.
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