If a member who is an individual dies or a court of competent jurisdiction adjudges the member to be incompetent to manage his or her person or property, the member’s personal representative, administrator, guardian, conservator, trustee, or other legal representative shall have all the rights of an assignee of the member’s interest. If a member is a corporation, trust, partnership, limited liability company, or other entity and is dissolved or terminated, the powers of that member may be exercised by its legal representative or successor. ONCA 08-02, eff. June 13, 2008.