§ 43-38-504. Assignment of Governance Rights — Consequence of Ineffective Assignment
A member may assign the member’s full membership interest only by assigning all of the member’s governance rights coupled with an assignment to the same assignee of all the member’s financial rights. A member’s governance rights are assignable only as provided in this section. A member or holder of a financial right has no power […]
§ 43-38-505. Restrictions on Assignment of Governance Rights
In addition to restrictions set forth in this chapter, restrictions on the assignment of governance rights may be imposed in accordance with the procedures and under the same conditions as stated in § 43-38-503(c) for restricting the assignment of financial rights.