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How are the widower rights to profits, losses

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Reference no: EM133591262

Question: One of the founding members of a three-person member-managed limited liability company dies, and, under the decedent's will, her interest in the limited liability company "passes in its entirety with all rights and privileges thereunto pertaining" to the widower. Assuming the operating agreement is silent both on the widower's rights in the limited liability company and on the requisites for amending the operating agreement:

A. Is the widower's consent required to amend the operating agreement?

B. How are the widower's rights to profits, losses, and distributions calculated?

Reference no: EM133591262

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