I'm working on an operating agreement for a three member LLC in which two of the members are married. I'd like to include some language that stipulates that in the event the marriage is terminated both of them must transfer their interest in the company to the remaining member(s). Primarily, I'd like to avoid managing a company with feuding ex-spouses.
- Will this clause supercede any other involuntary transfer provisions we already have in the OA?
- Could someone provide me an example of how to word this in the agreement. I'm having trouble locating this specific scenario?