2006 Ohio Revised Code - 1705.12. Rights of withdrawing member.
§ 1705.12. Rights of withdrawing member.
Upon withdrawal, a member withdrawing from a limited liability company has the right to receive any distribution to which the member is entitled under the operating agreement and, except as otherwise provided in that agreement, the withdrawing member shall be treated as if the member were an assignee of all of the member's membership interest as of the date of withdrawal.
HISTORY: 145 v S 74 (Eff 7-1-94); 148 v H 312. Eff 12-3-99.
Not analogous to former RC § 1705.12 (GC § 8673-9; 102 v 500; Bureau of Code Revision, 10-1-53), repealed 129 v 13(182), § 2, eff 7-1-62.
The effective date is set by section 3 of HB 312.
Disclaimer: These codes may not be the most recent version. Ohio may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
