New Hampshire Revised Statutes 304-D:8 – Death or Disqualification of a Member
Current as of: 2023 | Check for updates
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Terms Used In New Hampshire Revised Statutes 304-D:8
- person: may extend and be applied to bodies corporate and politic as well as to individuals. See New Hampshire Revised Statutes 21:9
Unless otherwise provided in the limited liability company agreement, upon the death of a member of a professional limited liability company, or if a member of a professional limited liability company becomes a disqualified person, or if an interest in a professional limited liability company is transferred by operation of law or court decree to a disqualified person, the interest of the deceased member or of the disqualified person may be assigned to a qualified person.