Restrictions in General. No Member may Transfer such Member's interest in the LLC or any part thereof, or in all or any part of the assets of the LLC, and no Member may withdraw from, resign from, retire from, abandon or otherwise terminate its status as a Member, without the prior written consent of the Manager. Notwithstanding anything to the contrary herein, no Member shall transfer its interest in the LLC to the extent that such transfer would violate the Securities Act of 1933, as amended, or any other federal or state securities or blue sky laws.
Appears in 2 contracts
Sources: Limited Liability Company Operating Agreement (Learningexpress Com Holdings Inc), Limited Liability Company Operating Agreement (Learningexpress Com Holdings Inc)