If a member of a limited liability company dies, the company must terminate.

Name: If a member of a limited liability company dies, the company must terminate.
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Question

Quizplus · Accepted Answer

The death of a member of a limited liability company does not necessarily result in the termination of the company. The operating agreement of the LLC should have provisions for the transfer of the deceased member's ownership interest to their heirs, estate or other beneficiaries, ensuring continuity of the company's operations.

If a Member of a Limited Liability Company Dies, the Company