Section 1705.21 | [Repealed Effective 2/11/2022 - See R.C. 1706.83] Legal representative of member.
(A) Except as otherwise provided in the operating agreement or articles of organization, if a member who is an individual dies or is adjudged an incompetent, the member's executor, administrator, guardian, or other legal representative may exercise all of the member's rights as a member for the purpose of settling the member's estate or administering the member's property, including any authority that the member had to give an assignee the right to become a member.
(B) If a member is a corporation, trust, general or limited partnership, or other entity and is dissolved or terminated, the powers of the member may be exercised by its legal representative or successor.
Last updated August 30, 2021 at 12:14 PM
Available Versions of this Section
- October 18, 2007 – Amended by House Bill 134, 127th General Assembly [ View October 18, 2007 Version ]