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This entry was published on 2014-09-22
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Powers of estate of a deceased or incompetent member
Limited Liability Company Law (LLC) CHAPTER 34, ARTICLE 6
§ 608. Powers of estate of a deceased or incompetent member. If a
member who is a natural person dies or a court of competent jurisdiction
adjudges him or her to be incompetent to manage his or her person or his
or her property, the member's executor, administrator, guardian,
conservator or other legal representative may exercise all of the
member's rights for the purpose of settling his or her estate or
administering his or her property, including any power under the
operating agreement of an assignee to become a member. If a member is a
corporation, trust or other entity and is dissolved or terminated, the
powers of that member may be exercised by its legal representative or