2013 New Hampshire Revised Statutes
Section 304-C:122 - Pledges of Membership Rights.

NH Rev Stat § 304-C:122 (2013) What's This?

    304-C:122 Pledges of Membership Rights. –
    I. Unless the operating agreement or RSA 304-C:123 provide otherwise, no member shall pledge all or any part of the member's membership rights to any person except upon a unanimous vote of the other members.
    II. Unless the operating agreement provides otherwise, the pledge of any or all of the membership rights of a member shall not cause the member to cease to be a member or to cease to have the power to exercise any rights or powers of a member.

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

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