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Current as of January 01, 2024 | Updated by FindLaw Staff
(A) A person who has dissociated as a member associated with a series shall have no right to participate in the activities and affairs of that series and is entitled only to receive the distributions to which that member would have been entitled if the member had not dissociated from that series.
(B) A person's dissociation as a member associated with a series does not of itself discharge the person from any debt, obligation, or liability to that series, the limited liability company, or the other members that the person incurred while a member associated with that series.
(C) A member's dissociation from a series does not, in itself, cause the member to dissociate from any other series or require the winding up of the series.
(D) A member's dissociation from a series does not, in itself, cause the member to dissociate from the limited liability company.
Cite this article: FindLaw.com - Ohio Revised Code Title XVII. Corporations Partnerships § 1706.766 - last updated January 01, 2024 | https://codes.findlaw.com/oh/title-xvii-corporations-partnerships/oh-rev-code-sect-1706-766/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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