2011 Utah Code
Title 48 Partnership
Chapter 3 Utah Revised Uniform Limited Liability Company Act
Section 1110 (Effective 07/01/12) Restriction on transfer by member.

48-3-1110 (Effective 07/01/12). Restriction on transfer by member.
(1) Except as provided in Subsection (2), a member of a professional services company may sell or transfer the member's interest in the professional services company only to:
(a) the professional services company; or
(b) an individual who is licensed or registered by this state to provide the same type of professional service as the professional service for which the professional services company is organized.
(2) (a) Upon the death or incapacity of a member of a professional services company, the member's interest in the professional services company may be transferred to the personal representative or estate of the deceased or incapacitated member.
(b) The person to whom an interest is transferred under Subsection (2)(a) may continue to hold the interest for a reasonable period, but may not participate in a decision concerning the providing of a professional service.