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§ 304-c-121 — New Hampshire Law | CourtGPT
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  6. § 304-c-121
New Hampshire Legal Code

§ 304-c-121

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304-C:121 Transfers of Membership Rights. – Unless the operating agreement provides otherwise, or as provided in RSA 304-C:123. I. No member shall transfer all or any part of the member's membership rights to any transferee except upon a unanimous vote of the other members; and II. Notwithstanding the members' voting in favor of the transfer of the membership rights, unless the transferee is admitted as a member of the limited liability company under the provisions of RSA 304-C:53, the transferee shall not be entitled to exercise the transferred management rights. Source. 2012, 232:2, eff. Jan. 1, 2013.