Utah § 48-3a-1207 Events causing dissociation from a series.

Utah Statutes

§ 48-3a-1207 — Events causing dissociation from a series.

Utah § 48-3a-1207

Title 48Unincorporated Business Entity Act

Ch. 48-3aUtah Revised Uniform Limited Liability Company Act

Part 48-3a-12Series Limited Liability Companies

This text of Utah § 48-3a-1207 (Events causing dissociation from a series.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 48-3a-1207 (2026).

Text

(1)Unless otherwise provided in the operating agreement, a member ceases to be associated with a series and to have the power to exercise a right or power of a member with respect to the series upon the assignment of all of the member's transferable interest in the limited liability company with respect to the series.

(2)Unless otherwise provided in an operating agreement, an event under this chapter or the operating agreement that causes a member to cease to be associated with a series does not, by itself:

(2)(a) cause the member to cease to be associated with another series;

(2)(b) terminate the continued membership of a member in the limited liability company; or

(2)(c) cause the termination of the series, regardless of whether the member is the last remaining member associated with

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(1) Unless otherwise provided in the operating agreement, a member ceases to be associated with a series and to have the power to exercise a right or power of a member with respect to the series upon the assignment of all of the member's transferable interest in the limited liability company with respect to the series.
(2) Unless otherwise provided in an operating agreement, an event under this chapter or the operating agreement that causes a member to cease to be associated with a series does not, by itself:

(2)(a) cause the member to cease to be associated with another series;
(2)(b) terminate the continued membership of a member in the limited liability company; or
(2)(c) cause the termination of the series, regardless of whether the member is the last remaining member associated with the series.