Unless otherwise provided in an operating agreement or by the written consent of all of the members at the time, the membership of a member of a limited liability company who is an individual terminates if the member dies, or if a court of competent jurisdiction enters an order adjudicating the member incompetent to manage the member's person or property.
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.