Operating Agreement Sc

8.5.3 The sale of the deceased member`s interest in the company takes place in the office of the company on a date fixed by the company, no later than 90 days after the agreement with the personal representative of the estate of the deceased member on the fair value of the deceased member`s interest in the company; provided, however, that, if the purchase price is determined by expert opinions in accordance with point 8.5.2, the closing shall be carried out 30 days after the final valuation and the purchase price. If no personal representative has been appointed within sixty days of the death of the deceased member, the surviving members have the right to request and appoint a personal representative. The appraisers so selected must endeavour to determine the value of the interest held by the deceased at the time of death solely on the basis of their assessment of the total value of the assets of the enterprise and the amount that the deceased would have received if the assets of the enterprise had been sold on that date for an amount equivalent to their fair value, and the proceeds (after payment of all the company`s obligations) would have been distributed. in the manner provided for in Section 8. The valuation should not take into account and expect the sale of a minority stake in the company. In the event that the evaluators cannot agree on the value within 30 days of the selection, both evaluators must select a third expert within thirty days. .