2011 Utah Code
Title 48 Partnership
Chapter 3 Utah Revised Uniform Limited Liability Company Act
Section 603 (Effective 07/01/12) Effect of person's dissociation as member.

48-3-603 (Effective 07/01/12). Effect of person's dissociation as member.
(1) When a person is dissociated as a member of a limited liability company:
(a) the person's right to participate as a member in the management and conduct of the limited liability company's activities terminates;
(b) if the limited liability company is member-managed, the person's fiduciary duties as a member end with regard to matters arising and events occurring after the person's dissociation; and
(c) subject to Section 48-3-504 and Part 10, Merger, Conversion, and Domestication, any transferable interest owned by the person immediately before dissociation in the person's capacity as a member is owned by the person solely as a transferee.
(2) A person's dissociation as a member of a limited liability company 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.