Alabama § 10A-5A-5.04 Power of Personal Representative of Deceased Member

Alabama Statutes

§ 10A-5A-5.04 — Power of Personal Representative of Deceased Member

Alabama § 10A-5A-5.04

Title 10AAlabama Business and Nonprofit Entities Code

Ch. 5AAlabama Limited Liability Company Law of 2014

Art. 5Transferable Interests and Rights of Transferees and Creditors

This text of Alabama § 10A-5A-5.04 (Power of Personal Representative of Deceased Member) 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-5.04 (2026).

Text

If a member dies, the deceased member’s personal representative or other legal representative may:

(a)for the period of time, if any, that the deceased member’s personal representative or other legal representative holds the deceased member’s transferable interest:

(1)exercise the rights of a holder of transferable interests under this chapter;

(2)exercise the rights of a transferee under Section 10A-5A-5.02; and

(3)for purposes of settling the estate, exercise the rights of a current member under Section 10A-5A-4.09; and

(b)for the period of time that the deceased member’s personal representative or other legal representative does not hold the deceased member’s transferable interest, for purposes of settling the estate, exercise the rights of a dissociated member under Section 10A-5A

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If a member dies, the deceased member’s personal representative or other legal representative may:
(a) for the period of time, if any, that the deceased member’s personal representative or other legal representative holds the deceased member’s transferable interest:
(1) exercise the rights of a holder of transferable interests under this chapter;
(2) exercise the rights of a transferee under Section 10A-5A-5.02; and
(3) for purposes of settling the estate, exercise the rights of a current member under Section 10A-5A-4.09; and
(b) for the period of time that the deceased member’s personal representative or other legal representative does not hold the deceased member’s transferable interest, for purposes of settling the estate, exercise the rights of a dissociated member under Section 10A-5A-4.09.