Unless otherwise provided in the operating agreement,a transfer of an interest in a limited liability company does not entitle the transferee to become a member of the LLC or to exercise any right of a member.

Question

Quizplus · Accepted Answer

Unless explicitly stated in the operating agreement, the transfer of a limited liability company interest does not automatically grant the transferee membership status or any associated rights. This means that the rights and privileges of membership are determined by the operating agreement, which could require certain conditions to be met before a transfer of interest grants membership status.

Unless Otherwise Provided in the Operating Agreement,a Transfer of an Interest