Transferability of Shares. (a) No person shall become a substituted Member without the consent of the Board, which consent may be granted or withheld in its sole and absolute discretion.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Versus Capital Real Assets Fund LLC), Limited Liability Company Agreement (Versus Global Multi-Manager Real Estate Income Fund LLC), Limited Liability Company Agreement (Versus Global Multi-Manager Real Estate Income Fund LLC)
Transferability of Shares. (a) No person shall become a substituted Member without the consent of the Board, which consent may be granted or withheld in its sole and absolute discretion. Any purported transfer in violation of this Section 4.1 shall be void.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Versus Capital Multi-Manager Real Estate Income Fund LLC), Limited Liability Company Agreement (Versus Capital Multi-Manager Real Estate Income Fund LLC), Limited Liability Company Agreement (Versus Capital Real Assets Fund LLC)
Transferability of Shares. (a) No Except pursuant to Section 4.1(b) below, no person shall become a substituted Member without the consent of the Board, which consent may be granted or withheld in its sole and absolute discretion. Any purported transfer in violation of this Section 4.1 shall be void.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Versus Capital Real Assets Fund LLC), Limited Liability Company Agreement (Versus Capital Multi-Manager Real Estate Income Fund LLC)
