New Hampshire § 304-C:119 Nature of Membership Rights, Etc

New Hampshire Statutes

§ 304-C:119 — Nature of Membership Rights, Etc

New Hampshire § 304-C:119

Title XXVIIIPARTNERSHIPS

Ch. 304-CLIMITED LIABILITY COMPANIES

SubdivisionGrants, Redemptions, and Transfers of Membership Rights

This text of New Hampshire § 304-C:119 (Nature of Membership Rights, Etc) is published on Counsel Stack Legal Research, covering New Hampshire primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.H. Rev. Stat. Ann. § 304-C:119 (2026).

Text

I.Membership rights in a limited liability company are intangible personal property.

II.A member has no interest in limited liability company property.

III.Unless the operating agreement provides otherwise, the membership rights of members, other than the members' limited liability company interests, are personal and non-transferable except to the extent that a transferee may succeed to membership rights under the provisions of RSA 304-C:121, RSA 304-C:123, or RSA 304-C:124.

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I. Membership rights in a limited liability company are intangible personal property.
II. A member has no interest in limited liability company property.
III. Unless the operating agreement provides otherwise, the membership rights of members, other than the members' limited liability company interests, are personal and non-transferable except to the extent that a transferee may succeed to membership rights under the provisions of RSA 304-C:121, RSA 304-C:123, or RSA 304-C:124.