Section 1705.12 | [Repealed Effective 2/11/2022 - See R.C. 1706.83] Rights of withdrawing member.
Upon withdrawal, a member withdrawing from a limited liability company has the right to receive any distribution to which the member is entitled under the operating agreement and, except as otherwise provided in that agreement, the withdrawing member shall be treated as if the member were an assignee of all of the member's membership interest as of the date of withdrawal.
Last updated August 30, 2021 at 11:37 AM
Available Versions of this Section
- December 3, 1999 – Amended by House Bill 312, 123rd General Assembly [ View December 3, 1999 Version ]