If a member who is not an individual terminates or is dissolved, the member's legal representative or successor has the rights of an assignee of the member's interest.
Article 11. Dissolution.
Rights of dissolved or terminated entity
Known as the Alaska Revised Limited Liability Company Act
The act spans §§ 10.50.010 to 10.50.995 (147 sections).
If a member who is not an individual terminates or is dissolved, the member's legal representative or successor has the rights of an assignee of the member's interest.
Article 11. Dissolution.
Official source: Alaska State Legislature. Reproduced from public-domain Alaska statutes; confirm against the official source for the current text. Not legal advice.