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N.Y. LLC Law § 606

This is the official text of N.Y. LLC Law § 606, part of New York’s LLC Law — part of the compiled statutory law of New York, published by the state as "LLC Law." Browse the sections below, each linked to its official government source.

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Withdrawal of a member

Official statutory text

§ 606. Withdrawal of a member. (a) A member may withdraw as a member\nof a limited liability company only at the time or upon the happening of\nevents specified in the operating agreement and in accordance with the\noperating agreement. Notwithstanding anything to the contrary under\napplicable law, unless an operating agreement provides otherwise, a\nmember may not withdraw from a limited liability company prior to the\ndissolution and winding up of the limited liability company.\nNotwithstanding anything to the contrary under applicable law, an\noperating agreement may provide that a membership interest may not be\nassigned prior to the dissolution and winding up of the limited\nliability company.\n (b) A limited liability company whose original article of organization\nwere filed with the secretary of state and effective prior to the\neffective date of this subdivision shall continue to be governed by this\nsection as in effect on such date and shall not be governed by this\nsection, unless otherwise provided in the operating agreement.\n

Status: in_force · Read it on the official government site

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About this page: Statute text is reproduced from official government publishers via the Open US Law dataset (Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine (Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.