Section 10A-5-5.05 Purchase of Interest of Member Whose Membership Has Ceased. Repealed in the 2014 Regular Session by Act 2014-144 Effective January 1, 2017.
A limited liability company and its members are not required to buy a former member’s interest unless the company’s governing documents or a private agreement provide for that purchase.
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- Jurisdiction
- United States — Alabama
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- Act or statute
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- Undated source snapshot
- Language
- en
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business entity governance
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Section 10A-5-5.05 Purchase of Interest of Member Whose Membership Has Ceased. Repealed in the 2014 Regular Session by Act 2014-144 Effective January 1, 2017.
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