Member Economic Interest Assignment
(NY LLC)

Summary

This Member Economic Interest Assignment (NY LLC) template can be used by a member of a limited liability company (LLC) to assign all or a share of the member’s economic interests in the LLC to a creditor. This template includes practical guidance and drafting notes. The agreement should set forth all the relevant terms and conditions for the assignment, including the specific economic interest in the LLC being assigned under the agreement, the duration of the assignment, and a description of the underlying obligation or other reason for which the assignment is based. This template may be tailored to suit each transaction. For more information, see Ownership Interests (NY LLC) and Management and Indemnification (NY LLC).