Missouri § 347.117 Effect of death or incompetence of member, assignability of interest — business organization as member, dissolution, assignability of interest.

Missouri Statutes

§ 347.117 — Effect of death or incompetence of member, assignability of interest — business organization as member, dissolution, assignability of interest.

Missouri § 347.117

Title XXIIICORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS

Ch. 347Limited Liability Companies — Merger and Consolidation of Business Organizations

This text of Missouri § 347.117 (Effect of death or incompetence of member, assignability of interest — business organization as member, dissolution, assignability of interest.) is published on Counsel Stack Legal Research, covering Missouri primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mo. Rev. Stat. § 347.117 (2026).

Text

1.Unless otherwise provided in the operating agreement, if a member who is an individual dies or a court of competent jurisdiction judges the member to be incompetent to manage his or her person or property, the member's executor, administrator, guardian, conservator, or other legal representative shall have any power the member had to give his assignee the right to become a member and all of the rights of an assignee of the member's interest.

2.If a member is a corporation, partnership, limited liability company, trust or other entity and is dissolved or terminated, its legal representative or successor shall have any power the member had to give his assignee the right to become a member and all of the rights of an assignee of the member's interest.

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1. Unless otherwise provided in the operating agreement, if a member who is an individual dies or a court of competent jurisdiction judges the member to be incompetent to manage his or her person or property, the member's executor, administrator, guardian, conservator, or other legal representative shall have any power the member had to give his assignee the right to become a member and all of the rights of an assignee of the member's interest.

2. If a member is a corporation, partnership, limited liability company, trust or other entity and is dissolved or terminated, its legal representative or successor shall have any power the member had to give his assignee the right to become a member and all of the rights of an assignee of the member's interest.