New York § 606 Withdrawal of a member

New York Statutes

§ 606 — Withdrawal of a member

New York § 606

Law LLCLimited Liability Company Law

Art. 6Members and Membership

This text of New York § 606 (Withdrawal of a member) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.Y. Limited Liability Company Law § 606 (2026).

Text

§ 606. Withdrawal of a member.

(a)A member may withdraw as a member\nof a limited liability company only at the time or upon the happening of\nevents specified in the operating agreement and in accordance with the\noperating agreement. Notwithstanding anything to the contrary under\napplicable law, unless an operating agreement provides otherwise, a\nmember may not withdraw from a limited liability company prior to the\ndissolution and winding up of the limited liability company.\nNotwithstanding anything to the contrary under applicable law, an\noperating agreement may provide that a membership interest may not be\nassigned prior to the dissolution and winding up of the limited\nliability company.\n (b) A limited liability company whose original article of organization\nwere filed wi

Free access — add to your briefcase to read the full text and ask questions with AI

§ 606. Withdrawal of a member. (a) A member may withdraw as a member\nof a limited liability company only at the time or upon the happening of\nevents specified in the operating agreement and in accordance with the\noperating agreement. Notwithstanding anything to the contrary under\napplicable law, unless an operating agreement provides otherwise, a\nmember may not withdraw from a limited liability company prior to the\ndissolution and winding up of the limited liability company.\nNotwithstanding anything to the contrary under applicable law, an\noperating agreement may provide that a membership interest may not be\nassigned prior to the dissolution and winding up of the limited\nliability company.\n (b) A limited liability company whose original article of organization\nwere filed with the secretary of state and effective prior to the\neffective date of this subdivision shall continue to be governed by this\nsection as in effect on such date and shall not be governed by this\nsection, unless otherwise provided in the operating agreement.\n