Transfer of voting rights?

by Shari Tresky
(Hi)

We want to protect our voting rights as members if a member dies. Its ok with us if a spouse or other person inherits the ownership but not the voting power. Can we stipulate in the operating agreement that if a member dies, her or his votes are distributed to the other members in proportion to their ownership shares?

Thanks

Answer

Yes you can. However, I strongly suggest that you contact a licensed attorney in your state who is experienced in drafting LLC operating agreements.

The type of legal work you're describing is not for do-it-yourselfers unless you happen to be an attorney who has drafted these documents before.