ASSIGNMENT OF LIMITED MEMBER'S INTEREST. The Company interest of a Limited Member shall be represented by a Certificate of Participation. The form and content of the Certificate of Participation shall be determined by the Managing Member. The Company interest of a Limited Member may not be assigned, pledged, mortgaged, sold or otherwise disposed of, and no Limited Member shall have the right to substitute an assignee in his or her place, except as provided in this Article 9.
Appears in 2 contracts
Sources: Operating Agreement (Cbci Income & Growth Fund LLC), Operating Agreement (Cbci Income & Growth Fund LLC)