§ 7-80-603 — Interest of member upon resignation

A member who has
resigned shall have no right to participate in the management of the business and
affairs of the limited liability company and is entitled only to receive the share of
the profits or other compensation by way of income and the return of contributions,
to which such member would have been entitled if the member had not resigned.

Legislative History

Source: L. 90: Entire article added, p. 432, � 1, effective April 18. L. 94: Entire section amended, p. 717, � 22, effective July 1. L. 2007: Entire section amended, p. 227, � 17, effective May 29.