ยง 605. Liability upon assignment. Whether or not an assignee of a
membership interest becomes a member, the assignor of a membership
interest is not released from any liability under this chapter or the
operating agreement, except liabilities that arise after the
effectiveness of the assignment and are pursuant to section two hundred
ten of this chapter, section five hundred eight of this chapter or, in
the event the assignee becomes a member, unless otherwise provided in
the operating agreement, section five hundred two of this chapter.
Structure New York Laws
LLC - Limited Liability Company Law
Article 6 - Members and Membership
601 - Nature of Membership Interest.
603 - Assignment of Membership Interest.
604 - Rights of Assignee to Become a Member.
605 - Liability Upon Assignment.
607 - Rights of Creditors of Members.
608 - Powers of Estate of a Deceased or Incompetent Member.
609 - Liability of Members, Managers and Agents.
611 - Business Transactions of a Member With the Limited Liability Company.