29-3601. Power to dissociate as member; wrongful dissociation A. A person has the power to dissociate as a member at any time, rightfully or wrongfully, by withdrawing as a member by express will under section 29-3602, paragraph 1. B. A person’s dissociation as a member is wrongful only if the dissociation either: 1. Is in […]
29-3602. Events causing dissociation A person is dissociated as a member if and when: 1. The limited liability company knows or has notice of the person’s express will to withdraw as a member, but if the person has specified a withdrawal date later than the date the company knew or had notice, the person is […]
29-3603. Effect of dissociation A. If a person is dissociated as a member, all of the following apply: 1. The person’s right to participate as a member in the management and conduct of the limited liability company’s activities and affairs terminates. 2. The person’s duties and obligations under section 29-3409 as a member end with […]
