§ 4A-605. Withdrawal of member

Latest version.

(a) In general. -- Unless otherwise agreed, a member may withdraw from a limited liability company prior to the dissolution and winding up of the limited liability company by giving not less than 6 months' prior written notice to the other members at their respective addresses as shown on the books and records of the limited liability company.

(b) Restrictions. -- The operating agreement may provide that a member may not withdraw or otherwise place limits on the ability of a member to withdraw.

HISTORY: 1992, ch. 536; 2012, chs. 599, 600; 2013, ch. 42.

                    
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