Nature of membership interest
Source:
Section 601 — Nature of membership interest, https://www.nysenate.gov/legislation/laws/LLC/601 (updated Sep. 22, 2014; accessed Jan. 17, 2026).
601
Nature of membership interest 602
Admission of members 603
Assignment of membership interest 604
Rights of assignee to become a member 605
Liability upon assignment 606
Withdrawal of a member 607
Rights of creditors of members 608
Powers of estate of a deceased or incompetent member 609
Liability of members, managers and agents 610
Parties to actions 611
Business transactions of a member with the limited liability company
Nature of membership interest 602
Admission of members 603
Assignment of membership interest 604
Rights of assignee to become a member 605
Liability upon assignment 606
Withdrawal of a member 607
Rights of creditors of members 608
Powers of estate of a deceased or incompetent member 609
Liability of members, managers and agents 610
Parties to actions 611
Business transactions of a member with the limited liability company
