Alabama § 10A-5A-11.05 Member’s Power to Dissociate as a Member Associated with a Series; Wrongful Dissociation

Alabama Statutes

§ 10A-5A-11.05 — Member’s Power to Dissociate as a Member Associated with a Series; Wrongful Dissociation

Alabama § 10A-5A-11.05

Title 10AAlabama Business and Nonprofit Entities Code

Ch. 5AAlabama Limited Liability Company Law of 2014

Art. 11Series Provisions

This text of Alabama § 10A-5A-11.05 (Member’s Power to Dissociate as a Member Associated with a Series; Wrongful Dissociation) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ala. Code § 10A-5A-11.05 (2026).

Text

(a)A person has the power to dissociate as a member associated with a series.

(b)A person’s dissociation from a series is wrongful only if:

(1)it is in breach of an express provision of the limited liability company agreement; or

(2)the person is expelled as a member associated with the series by judicial determination under Section 10A-5A-11.06(f); or

(3)the person is dissociated as a member associated with a series by becoming a debtor in bankruptcy or making a general assignment for the benefit of creditors.

(c)A person that wrongfully dissociates as a member associated with a series is liable to the series and, subject to Section 10A-5A-9.01, to the other members associated with that series for damages caused by the dissociation. The liability is in addition to any other debt, ob

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(a) A person has the power to dissociate as a member associated with a series.
(b) A person’s dissociation from a series is wrongful only if:
(1) it is in breach of an express provision of the limited liability company agreement; or
(2) the person is expelled as a member associated with the series by judicial determination under Section 10A-5A-11.06(f); or
(3) the person is dissociated as a member associated with a series by becoming a debtor in bankruptcy or making a general assignment for the benefit of creditors.
(c) A person that wrongfully dissociates as a member associated with a series is liable to the series and, subject to Section 10A-5A-9.01, to the other members associated with that series for damages caused by the dissociation. The liability is in addition to any other debt, obligation, or liability of the member associated with a series to the series or the other members associated with that series.