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LLC Membership Interest Assignment - Template Form

✓ Valid in United States

Create your LLC Membership Interest Assignment - Template Form for use in United States. Answer a few plain-English questions and the document fills in automatically as you go — then download it in Word and PDF, ready to sign or share.

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LLC Membership Interest Assignment - Template Form
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LLC Membership Interest Assignment

State of Alabama

I. This assignment ("Assignment") is made by and between the following parties: ________, hereinafter known as "Assignor," having an address at the following:

________

and ________, hereinafter known as "Assignee," having an address at the following:

________

II. Assignor, an individual, hereby assigns, transfers, and conveys all of Assignor's right, title and interest in and to all of Assignor's membership interests in ________, a Alabama Limited Liability Company, hereinafter known as the "LLC," to Assignee, an individual. Such membership interest amounts to the following percentage ownership: ________% (________ percent) membership interest, along with voting rights in the LLC, and this Assignment shall leave Assignor with no interest in the LLC. Assignee hereby accepts this Assignment.

III. This assignment is effective as of ________ and is made for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged.

V. This Assignment shall be binding upon and inure to the benefit of the parties hereto and their respective heirs, executors, administrators, successors and assigns.

EXECUTION:

IN WITNESS WHEREOF, Assignor and Assignee have caused this Assignment to be executed on the following date: ________.



Assignor: ________

Signature: __________________________



Assignee: ________

Signature: __________________________

Consent To Assignment Of Membership Interest

Each and all of the members of ________, a Alabama Limited Liability Company, hereby consent to the assignment, transfer and conveyance of membership interest in ________ made by the attached LLC Membership Interest Assignment. Each and all of the members further agree that Assignee is now a member of ________ and Assignor retains no further interest in ________.

Assignee shall have all the rights and powers of a member henceforth.

EXECUTION:

This consent is made on the following date: ____________________.



Name of Member: __________________________

Signature:__________________________

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