Utah Code 48-3a-504. Power of legal representative of deceased member
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If a member dies, the deceased member’s legal representative may exercise:
(1) the rights of a transferee provided in Subsection 48-3a-502(3); and
Terms Used In Utah Code 48-3a-504
- Member: means a person that:(14)(a) has become a member of a limited liability company under Section 48-3a-401 or was a member in a company when the company became subject to this chapter under Section 48-3a-1405; and(14)(b) has not dissociated under Section 48-3a-602. See Utah Code 48-3a-102
- Transferee: means a person to which all or part of a transferable interest has been transferred, whether or not the transferor is a member. See Utah Code 48-3a-102
(2) for the purposes of settling the estate, the rights the deceased member had under Section 48-3a-410.