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Terms Used In Vermont Statutes Title 11 Sec. 4075

  • Member: means a person that has become a member of a limited liability company under section 4051 of this title and has not dissociated under section 4081 of this title. See

§ 4075. Power of estate of deceased member

If a member who is an individual dies, the member’s legal representative may exercise the rights of a transferee under section 4073 of this title, and, for purposes of settling the estate, the member’s legal representative may exercise the rights the deceased member had under section 4058 of this title. (Added 2015, No. 17, § 2.)