Limitation on dissociation or assignment of membership interest - 15 Pa. Cons. Stat. § 8948
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Pennsylvania Statutes
§ 8948. Limitation on dissociation or assignment of membership
interest.
Notwithstanding anything to the contrary set forth in this
part, an operating agreement may provide that a member may not
voluntarily dissociate from the limited liability company or
assign his membership interest prior to the dissolution and
winding-up of the company, and an attempt by a member to
dissociate voluntarily from the company or to assign his
membership interest in violation of the operating agreement
shall be ineffective.
(June 22, 2001, P.L.418, No.34, eff. 60 days)
Section: 8941 8942 8943 8944 8945 8946 8947 8948 8951 8956 8957 8958 8959 8961 8962
Last modified: November 27, 2007
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