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This entry was published on 2014-09-22
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Liability upon assignment
Limited Liability Company Law (LLC) CHAPTER 34, ARTICLE 6
§ 605. Liability upon assignment. Whether or not an assignee of a
membership interest becomes a member, the assignor of a membership
interest is not released from any liability under this chapter or the
operating agreement, except liabilities that arise after the
effectiveness of the assignment and are pursuant to section two hundred
ten of this chapter, section five hundred eight of this chapter or, in
the event the assignee becomes a member, unless otherwise provided in
the operating agreement, section five hundred two of this chapter.