Right of assignee to become member.
(1) An assignee of a limited liability company interest may become a member upon:
(a) The approval of all of the members of the limited liability company other than the member assigning his or her limited liability company interest; or
(b) Compliance with any procedure provided for in the limited liability company agreement.
(2) An assignee who has become a member has, to the extent assigned, the rights and powers, and is subject to the restrictions and liabilities, of a member under a limited liability company agreement and this chapter. An assignee who becomes a member is liable for the obligations of his or her assignor to make contributions as provided in RCW 25.15.195
, and for the obligations of his or her assignor under article VI of this chapter.
(3) Whether or not an assignee of a limited liability company interest becomes a member, the assignor is not released from his or her liability to a limited liability company under articles V and VI of this chapter. [1994 c 211 § 704.
[1994 c 211 § 704.]