The Executrix of a Member
Is Not An Member
In a decision earlier this year
from Connecticut, there was examined the status of the executrix of a member vis-a-vis
the LLC, a question considered in the context of whether the executrix may or
may not seek the judicial dissolution of the LLC. In this instance, it was
found there was not standing to bring that action. Faienza v. T-N-B Marble-N-Granite, LLC, HHDCV176082028S, 66 Conn.
L. Rptr. 213, 2018 WL 1882686 (Conn. Sup. Ct. March 26, 2018).
It was explained that under
Connecticut’s prior LLC Act, upon the death of a member, most of the member’s
rights, including the right to move for dissolution, passed to the member’s
legal successor, the court citing in support thereof Warren v. Cuseo Family, LLC, 138 A.3d 1099 (Conn. App. 2016).
However, effective July 1, 2017, Connecticut adopted the Revised Uniform LLC Act
under which, absent a written operating agreement providing to the contrary,
the law “strips the legal successor of some of those membership rights, giving
the successor the status of a ‘transferee’ rather than a member.”, citing C. G.
S. § 34-259(c).
Finding that the right to bring
an action for dissolution of the LLC is restricted to a member, and as the
plaintiff executrix was a transferee, rather than a member, it was held that
there was no standing to bring the action for dissolution.
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