Power of estate of member

11C V.S.A. ch. 011, § 1103, under Article 011 : Dissociation.

11C V.S.A. ch. 011, § 1103

§ 1103. Power of estate of member

Unless the organic rules provide for greater rights, if a member is dissociated because of death or is expelled by reason of being adjudged incompetent, the member’s personal representative or other legal representative may exercise the rights of a transferee of the member’s financial rights and, for purposes of settling the estate of a deceased member, may exercise the informational rights of a current member to obtain information under section 505 of this title. (Added 2011, No. 84 (Adj. Sess.), § 1, eff. April 20, 2012.)