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3988 — Puerto Rico Law | CourtGPT
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  4. Title Fourteen - Private Corporations (§§ 1 — 4084)/
  5. Subtitle 5 - General Corporations Act (2009)/
  6. Chapter 239 - Limited Liability Companies Sub/
  7. Subchapter IV/
  8. 3988
Puerto Rico Legal Code

3988

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Except as provided in this chapter, upon resignation any resigning member is entitled to receive any distribution to which such member is entitled under an LLCA and, if not otherwise provided in an LLCA, such member is entitled to receive, within a reasonable time after resignation, the fair value of such member’s LLC interest as of the date of resignation based upon such member’s right to share in distributions from the LLC.\nHistory —Dec. 16, 2009, No. 164, § 19.38.