New Hampshire § 304-C:121 Transfers of Membership Rights

New Hampshire Statutes

§ 304-C:121 — Transfers of Membership Rights

New Hampshire § 304-C:121

Title XXVIIIPARTNERSHIPS

Ch. 304-CLIMITED LIABILITY COMPANIES

SubdivisionGrants, Redemptions, and Transfers of Membership Rights

This text of New Hampshire § 304-C:121 (Transfers 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:121 (2026).

Text

Unless the operating agreement provides otherwise, or as provided in RSA 304-C:123.

I.No member shall transfer all or any part of the member's membership rights to any transferee except upon a unanimous vote of the other members; and

II.Notwithstanding the members' voting in favor of the transfer of the membership rights, unless the transferee is admitted as a member of the limited liability company under the provisions of RSA 304-C:53, the transferee shall not be entitled to exercise the transferred management rights.

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Unless the operating agreement provides otherwise, or as provided in RSA 304-C:123.
I. No member shall transfer all or any part of the member's membership rights to any transferee except upon a unanimous vote of the other members; and
II. Notwithstanding the members' voting in favor of the transfer of the membership rights, unless the transferee is admitted as a member of the limited liability company under the provisions of RSA 304-C:53, the transferee shall not be entitled to exercise the transferred management rights.