Connecticut Statutes
§ 34-263b — Effect of dissociation.
Connecticut·Title 34 Limited Partnerships, Partnerships, Professional Associations, Limited Liability Companies and Statutory Trusts·Ch. 613a Uniform Limited Liability Company Act
(a)If a person is dissociated as a member:
(1)The person's right to participate as a member in the management and conduct of the company's activities and affairs terminates;
(2)if the company is member-managed, the person's duties and obligations under section 34-255h as a member end with regard to matters arising and events occurring after the person's dissociation; and (3) subject to section 34-259c and sections 34-279 to 34-279g, inclusive, or the Connecticut Entity Transactions Act, any transferable interest owned by the person in the person's capacity as a member immediately before dissociation as a member is owned by the person solely as a transferee.
(b)A person's dissociation as a member does not of itself discharge the person from any debt, obligation or other liability to the
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Connecticut § 34-263b (Effect of dissociation.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(P.A. 16-97, S. 55.) History: P.A. 16-97 effective July 1, 2017.
Nearby Sections
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§ 34-10a
Execution of certificates.§ 34-10b
Filing requirements.§ 34-10c
Notice.§ 34-13
Name.§ 34-13a
Reservation of name.§ 34-13c
Records to be kept.§ 34-13e
Annual report.