(a) A person's membership in a limited liability company may not be terminated by removal except as provided by (b) or (c) of this section.
(b) Except as provided in (c) of this section, a person's membership in a limited liability company terminates if the person assigns all of the person's interest in the company and if a majority of the members who have not assigned their interests in the company authorize the removal of the person as a member.
(c) If an operating agreement of the company provides for the removal of a member with or without cause, a person's membership in a limited liability company terminates if the person is removed as a member in the manner and under the circumstances provided in the agreement.
Structure Alaska Statutes
Title 10. Corporations and Associations
Chapter 50. Alaska Revised Limited Liability Company Act
Sec. 10.50.155. Membership requirements.
Sec. 10.50.160. Effective date of admission.
Sec. 10.50.165. Authorization for assignee to become member.
Sec. 10.50.170. Rights, powers, and liabilities of assignee who becomes a member.
Sec. 10.50.180. Rights of assignor when assignee becomes a member.
Sec. 10.50.185. Resignation of member.
Sec. 10.50.205. Removal of member.
Sec. 10.50.210. Effect of death or incompetency on membership.
Sec. 10.50.215. Termination of membership held by trust, trustee, or estate.