Effect of person’s dissociation as member.
D.C. Code § 29-806.03
in effect29-806.03. Effect of person’s dissociation as member.
(a)
When a person is dissociated as a member of a limited liability company:
(1)
The person’s right to participate as a member in the management and conduct of the company’s activities and affairs shall terminate;
(2)
If the company is member-managed, the person’s duties and obligations under § 29-804.09 end with regard to matters arising and events occurring after the person’s dissociation; and
(3)
Subject to § 29-805.04, subchapter IX of this chapter, and Chapter 2 of this title, any transferable interest owned by the person immediately before dissociation in the person’s capacity as a member is owned by the person solely as a transferee.
(b)
A person’s dissociation as a member of a limited liability company shall not of itself discharge the person from any debt, obligation, or other liability to the company or the other members which the person incurred while a member.
(July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720; Mar. 5, 2013, D.C. Law 19-210, § 2(h)(7)(C), 59 DCR 13171.)
Source: Council of the District of Columbia (code.dccouncil.gov)URL: https://code.dccouncil.gov/us/dc/council/code/sections/29-806.03Fetched: 10/21/2026