2013 New Hampshire Revised Statutes
Section 304-C:121 - Transfers of Membership Rights.

NH Rev Stat § 304-C:121 (2013) What's This?

    304-C:121 Transfers of Membership Rights. – 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.

Source. 2012, 232:2, eff. Jan. 1, 2013.

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