If a member who is an individual dies or a court adjudges him to be incompetent to manage his person or property, or if a member that is not an individual is dissolved, liquidated or otherwise completely terminated, the member's executor, administrator, guardian, conservator, liquidating trustee or other legal representative has all of the rights of an assignee of the member's limited liability company interest.
§ 53-19-34 NMSA 1978
Interest of a deceased, incompetent or terminated member
Known as the Limited Liability Company Act
The act spans §§ 53–53 (80 sections).
Laws 1993, ch. 280, § 34.
Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.