Public-domain · open source
OpenJurist

N.H. Rev. Stat. Ann. § 304-C:121

Transfers of Membership Rights

Source. 2012, 232:2, eff

Unless the operating agreement provides otherwise, or as provided in RSA 304-C:123.

I. No member shall transfer all or any part of the member's membership rights to any transferee except upon a unanimous vote of the other members; and

II. Notwithstanding the members' voting in favor of the transfer of the membership rights, unless the transferee is admitted as a member of the limited liability company under the provisions of RSA 304-C:53, the transferee shall not be entitled to exercise the transferred management rights.

Official source: New Hampshire General Court. Reproduced from public-domain New Hampshire statutes; confirm against the official source for the current text. Not legal advice.