LLC member dissociates

What is the name of your state (only U.S. law)? Vermont

Under VT Statutes, for an at-will LLC, a member has the right to dissociate themselves at any time. It doesn't appear we can put in a time requirement (other than the 90 days required notice) for staying a member under an OA.

The action of the dissociation of the member triggers a requirement to buy the interest of the member.

What happens if the LLC does not have the money to buy the interest? What is to keep a member from becoming a member, gaining the member units (interest) and then dissociating within a few months if the interest went up even a bit? If the member has a lot of interest, the LLC would not be able to pay?

We have to form an LLC as invest groups won't invest in S corp.

Thanks for any help. This has me confused.

The action of the dissociation of the member triggers a requirement to buy the interest of the member.

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The "interest", or the "distributive interest"?

I think what the provision provides for is that you can't give ex-member a K-1 with a big income and not give him cash. (The member who is leaving is not going to make an investment in the business.)