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Contract LLC Assignment of Membership Interest

This document summarizes the assignment and transfer of a membership interest in a Michigan limited liability company. It states that the Assignor transfers their full membership interest to the Assignee. The Assignee consents to and accepts the assignment. They agree to take the Assignor's place as a member and assume the obligations of being a member as outlined in the company's operating agreement.

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1K views1 page

Contract LLC Assignment of Membership Interest

This document summarizes the assignment and transfer of a membership interest in a Michigan limited liability company. It states that the Assignor transfers their full membership interest to the Assignee. The Assignee consents to and accepts the assignment. They agree to take the Assignor's place as a member and assume the obligations of being a member as outlined in the company's operating agreement.

Uploaded by

arjunfoto19
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
  • Assignment and Transfer of Membership Interest: Covers the transfer and assignment of membership interest by the assignor to the assignee.
  • Acceptance or Assignment and Transfer of Membership Interest: Describes the agreement and consent of the assignee to the terms of the membership interest transfer.

ASSIGNMENT AND TRANSFER OF MEMBERSHIP INTEREST

I, ____________________________ (the “Assignor”), do hereby transfer and


assign all or my right, title and interest in and to my entire membership interest in
________________________________, a Michigan limited liability company (the
“Company”), to ________________________________ (the “Assignee”), and agree that
the Assignee shall be substituted as the owner in the Company in place of myself.

_____________________________
Member of Assignor

Dated: ____________, 20__

ACCEPTANCE OR ASSIGNMENT AND TRANSFER OF


MEMBERSHIP INTEREST

The undersigned Assignee hereby consents to, and accepts the above Assignment
and Transfer. Furthermore, the undersigned Assignee (i) desires to be admitted to the
Company as a member in the place and stead of the Assignor, with respect to the
transferred membership interest of Assignor, (ii) assumes and agrees to perform the
obligations of a member of the Company with respect to the transferred membership
interest, (iii) aggress to be bound by, and to perform the provisions of, the Operating
Agreement of the Company, with respect to the membership interest transferred and
assigned to the Assignee, (iv) shall execute and deliver to the Company such other
instruments and documents as the other members shall require, and (v) shall promptly
deliver to the Company and executed copy of the document.

Dated: ___________, 20__ _____________________________


Member of Assignee

ASSIGNMENT AND TRANSFER OF MEMBERSHIP INTEREST I, ____________________________ (the “Assignor”), do hereby transfer

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