The Oregon Limited Liability Company Act provides in part as follows:
63.249 Assignment of membership interest; effect of assignment. Except as provided in the articles of organization or any operating agreement:
(1) A membership interest is assignable in whole or in part.
(5) The assignor of all or a portion of a membership interest ceases to be a member with respect to the interest assigned, but is not released from liability as a member accruing or arising prior to assignment solely as a result of the assignment, and is not relieved of any fiduciary duties the assignor otherwise may continue to owe the limited liability company or its remaining members.
(6) Any otherwise permissible assignment of a membership interest shall be effective as to and binding on the limited liability company only after reasonable notice of and proof of the assignment have been provided to the managers of the limited liability company.
Gresham Oregon Unanimous Consent to Action by the Members of a Limited Liability Company, in Lieu of a Meeting, Authorizing the Assignment of Ownership Interest in Limited Liability Company by Four Members to One Member. In Gresham, Oregon, the members of a limited liability company have the option to take unanimous consent to action in order to authorize the assignment of ownership interest within the company. This process eliminates the need for a physical meeting, making it convenient and time-efficient for all parties involved. Unanimous consent to action allows the members of the limited liability company to come to an agreement and take action without the requirement of a formal meeting. It offers flexibility in decision-making and streamlines the process, ensuring that all members have a voice in the assignment of ownership interest to a single member. The assignment of ownership interest in a limited liability company refers to the transfer of a member's share or portion of the company's ownership rights and responsibilities to another member. In this case, four members are collectively giving up their ownership interests in favor of one specific member. By utilizing the unanimous consent to action, the limited liability company ensures that all members are in agreement with the assignment of ownership interest. This prevents any potential conflicts or disputes that may arise during the decision-making process. It is also a valid method to comply with legal requirements in Gresham, Oregon. Different types of Gresham Oregon Unanimous Consent to Action by the Members of a Limited Liability Company include: 1. Assignment of Ownership Interest: This type involves the transfer of ownership rights and responsibilities from multiple members to a single member within a limited liability company. The consent of all members is required for this action. 2. In Lieu of a Meeting: This type indicates that the consent to action is taken in place of a physical meeting. Instead of gathering all members in one location, unanimous consent allows the members to come to an agreement remotely. Overall, the Gresham Oregon Unanimous Consent to Action by the Members of a Limited Liability Company, in Lieu of a Meeting, Authorizing the Assignment of Ownership Interest in Limited Liability Company by Four Members to One Member offers a convenient and legally compliant way for members to assign their ownership interests. It ensures transparency, fairness, and consensus among the members while minimizing the complexities associated with the traditional meeting process.
