New Hampshire Statutes
§ 304-C:120 — Limited Liability Company Grants of Membership Rights
New Hampshire § 304-C:120
JurisdictionNew Hampshire
Title XXVIIIPARTNERSHIPS
Ch. 304-CLIMITED LIABILITY COMPANIES
SubdivisionGrants, Redemptions, and Transfers of Membership Rights
This text of New Hampshire § 304-C:120 (Limited Liability Company Grants of Membership Rights) 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:120 (2026).
Text
Unless the operating agreement provides otherwise, after the formation of the limited liability company, the limited liability company shall not grant membership rights to a third party or additional membership rights to an existing member, except upon a unanimous vote of the members.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
2012, 232:2, eff. Jan. 1, 2013.
Nearby Sections
15
§ 304-C:1
Short Title§ 304-C:10
Include§ 304-C:102
Other Permissible Events of Dissociation§ 304-C:103
Member Withdrawals§ 304-C:104
Judicial Removal of Member§ 304-C:105
Distributions Upon Member Dissociation§ 304-C:105-a
Right of Legal Representatives of Certain Dissociated Members to Exercise Members' Membership Rights§ 304-C:108
Duty and Standard of Care§ 304-C:109
Business Judgment Rule§ 304-C:11
Limited Liability Company§ 304-C:110
Duty of Loyalty-in GeneralCite This Page — Counsel Stack
Bluebook (online)
New Hampshire § 304-C:120, Counsel Stack Legal Research, https://law.counselstack.com/statute/nh/304-C/304-C%3A120.