Assignee of Member

Assignee of Member - An assignee of a member (e.g., member of an LLC) is a person or entity to whom a member transfers their membership interest, either partially or wholly. The assignee typically acquires the economic rights associated with the membership interest but may not automatically gain the right to participate in the management or voting of the organization unless the other members consent.

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Assignee of Member
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Definition and Examples

Definition
An assignee of a member (e.g., member of an LLC) is a person or entity to whom a member transfers their membership interest, either partially or wholly. The assignee typically acquires the economic rights associated with the membership interest but may not automatically gain the right to participate in the management or voting of the organization unless the other members consent.
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