Generally, a dissociated member of a limited liability company (LLC) has the right to buy his or her interest in the LLC from the other members.

Question

Generally, a dissociated member of a limited liability company (LLC) has the right to buy his or her interest in the LLC from the other members.​

Quizplus · Accepted Answer

A dissociated member of an LLC typically loses the right to participate in the management and decision-making of the LLC and does not have an inherent right to buy back their interest from the remaining members. The specific rights and obligations regarding dissociation are usually outlined in the LLC's operating agreement or the state's LLC statutes.

Generally, a Dissociated Member of a Limited Liability Company (LLC)