Utah § 48-3a-603 Effect of dissociation.

Utah Statutes

§ 48-3a-603 — Effect of dissociation.

Utah § 48-3a-603

Title 48Unincorporated Business Entity Act

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

Part 48-3a-6Dissociation

This text of Utah § 48-3a-603 (Effect of dissociation.) 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-603 (2026).

Text

(1)If a person is dissociated as a member:

(1)(a) the person's right to participate as a member in the management and conduct of the company's activities and affairs terminates;

(1)(b) if the limited liability company is member-managed, the person's duties and obligations under Section 48-3a-409 as a member end with regard to matters arising and events occurring after the person's dissociation; and

(1)(c) subject to Section 48-3a-504 and Part 10, Merger, Interest Exchange, Conversion, and Domestication, any transferable interest owned by the person in the person's capacity as a member immediately before dissociation as a member is owned by the person solely as a transferee.

(2)A person's dissociation as a member does not of itself discharge the person from any debt, obligation, or other

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(1) If a person is dissociated as a member:

(1)(a) the person's right to participate as a member in the management and conduct of the company's activities and affairs terminates;
(1)(b) if the limited liability company is member-managed, the person's duties and obligations under Section 48-3a-409 as a member end with regard to matters arising and events occurring after the person's dissociation; and
(1)(c) subject to Section 48-3a-504 and Part 10, Merger, Interest Exchange, Conversion, and Domestication, any transferable interest owned by the person in the person's capacity as a member immediately before dissociation as a member is owned by the person solely as a transferee.
(2) A person's dissociation as a member does not of itself discharge the person from any debt, obligation, or other liability to the limited liability company or the other members which the person incurred while a member.