Common use of Assignment of Membership Interest Clause in Contracts

Assignment of Membership Interest. A Member may not assign the Member’s interest in the Company except with the written consent of all the other Members of record. Any such consent to assignment automatically entitles the assignee to become a Member. A Member’s membership interest may be evidenced by a certificate of membership interest issued by the Company.

Appears in 39 contracts

Sources: Operating Agreement, Operating Agreement, Multi Member Operating Agreement