New Hampshire Revised Statutes 304-C:122 – Pledges of Membership Rights
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I. Unless the operating agreement or N.H. Rev. Stat. § 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.
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.
Terms Used In New Hampshire Revised Statutes 304-C:122
- person: may extend and be applied to bodies corporate and politic as well as to individuals. See New Hampshire Revised Statutes 21:9