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13 chapters · 955 sections in this title.
AS 10.50.160 Effective date of admission.
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The effective date of the admission of a member to a limited liability company is the later of the date (1) when the company is organized; (2) established in an operating agreement of the company; or (3) when the person's admission is reflected in the records of the company if an…
AS 10.50.165 Authorization for assignee to become member.
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(a) Unless otherwise provided in an operating agreement of the company, an assignee of a limited liability company interest may not become a member unless all other members consent. (b) An operating agreement of the company may specify the manner for evidencing the consent requir…
AS 10.50.170 Rights, powers, and liabilities of assignee who becomes a member.
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(a) An assignee who becomes a member has, to the extent assigned, the rights and powers of a member under the articles of organization, an operating agreement, and this chapter, and is subject to the restrictions and liabilities of a member under the articles of organization, an …
AS 10.50.180 Rights of assignor when assignee becomes a member.
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Unless otherwise provided in an operating agreement of the company, when an assignee of a member's limited liability company interest becomes a member of the company with respect to the assignor's entire interest, the assignor ceases to be a member or to have the power to exercis…