(b) Notwithstanding the provisions of subdivision (a) of this section,
the professional service limited liability company shall not be required
to purchase or redeem the membership interest of a deceased or
disqualified or dissolved member if such membership interest, within the
time limit prescribed by subdivision (a) of this section, is sold or
transferred to another professional pursuant to the provisions of
section twelve hundred eleven of this article.
Structure New York Laws
LLC - Limited Liability Company Law
Article 12 - Professional Service Limited Liability Companies
1202 - Limited Liability Companies Organized Under Other Provisions of Law.
1204 - Rendering of Professional Service.
1205 - Professional Relationships and Liabilities.
1207 - Membership of Professional Service Limited Liability Companies.
1209 - Disqualification of Members, Managers and Employees.
1210 - Death, Disqualification or Dissolution of Members.
1211 - Transfer of a Membership Interest.
1212 - Limited Liability Company Name.
1213 - Limited Liability Company Act Applicable.