Section 608. Powers of estate of a deceased or incompetent member  


Latest version.
  • If a
      member who is a natural person dies or a court of competent jurisdiction
      adjudges him or her to be incompetent to manage his or her person or his
      or  her  property,  the  member's  executor,  administrator,   guardian,
      conservator  or  other  legal  representative  may  exercise  all of the
      member's rights for the  purpose  of  settling  his  or  her  estate  or
      administering  his  or  her  property,  including  any  power  under the
      operating agreement of an assignee to become a member. If a member is  a
      corporation,  trust  or other entity and is dissolved or terminated, the
      powers of that member may be exercised by its  legal  representative  or
      successor.