If a member disassociates from an "at-will" limited liability company,and the disassociation was not wrongful,the limited liability company must purchase the disassociated member's distributional interest.

Question

Quizplus · Accepted Answer

According to the Uniform Limited Liability Company Act, if a member disassociates from an "at-will" limited liability company, and the disassociation was not wrongful, the limited liability company must purchase the disassociated member's distributional interest. This is to ensure that the disassociated member is fairly compensated for their equity interest in the company. However, if the disassociation was wrongful, the company is not required to purchase the member's interest.

If a Member Disassociates from an "At-Will" Limited Liability Company,and