Sole Remaining Member. Notwithstanding the foregoing provisions of Section 8.2, should the sole remaining Member be entitled to and elect to acquire all the Interest of the other Members of the Company in accordance with the provisions of Section 8.2, the acquiring Member may assign the right to acquire the Interest to a spouse, lineal descendent, or an affiliated entity if the assignment is reasonably believed to be necessary to continue the existence of the Company as a limited liability company.
Appears in 51 contracts
Samples: Georgia Operating Agreement, Hawaii Operating Agreement, Mississippi Operating Agreement
