1. Ifa person is dissociated as a member, all of the following apply: a. The person’s right to participate as a member in the management and conduct of the limited liabilitycompany’s activities and affairs terminates. b. The person’sdutiesandobligations under section 489.409 as a member endwith regard to matters arising and events occurring after the person’s dissociation. c. Subject to section 489.504 and subchapter X, any transferable interest owned by the person in the person’s capacity as a member immediately before dissociation isowned by the person solely as a transferee. 2. A person’s dissociation as a member of a limited liability company does not of itself discharge the person from any debt, obligation, or other liabilityto the company or the other members which the person incurred while a member.
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