Mass. Gen. Laws ch. 156C § 32
Current through Chapter 223 of the 2024 Legislative Session
Upon resignation, a resigning member is entitled to receive any distribution to which he is entitled upon resignation under a written operating agreement. If not otherwise provided in a written operating agreement, a resigning member is entitled to receive, within a reasonable time after resignation, the fair value of his limited liability company interest as of the date of resignation based upon his right to share in distributions from the limited liability company.
Mass. Gen. Laws ch. 156C, § 32