Turtle Mountain Band of Chippewa Indians of North Dacota - Tribal Law

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Turtle Mountain Band of Chippewa Indians Tribal Code

29.15.060 Right of Assignee to Become a Member

(a) Unless otherwise provided in articles of operation, an assignee of an LLC interest may become a member only if the other members unanimously consent.

(b) An assignee of an LLC interest who becomes a member has, to the extent assigned, the rights and powers and is subject to the restrictions and liabilities of the assignor under Articles of Operation and this Title.

(c) Unless otherwise provided in articles of operation, an assignor of an LLC interest is not released from any liability to the LLC without the written consent of all the members, whether or not the assignee becomes a member.

Original url: https://law.tmchippewa.com/us/nsn/tmchippewa/council/code/29.15.060

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