Sec. 34-179. Admission of members.
Sec. 34-179. Admission of members. (a) Subject to subsection (b) of this section
and subsections (b) and (c) of section 34-119, a person may become a member in a
limited liability company: (1) In the case of a person acquiring a limited liability company interest directly from the limited liability company, upon compliance with the
operating agreement or, if the operating agreement does not so provide in writing, upon
the written consent of at least a majority in interest of the members; and (2) in the case
of an assignee of a limited liability company interest, as provided in section 34-172.
(b) The effective time of admission of a member to a limited liability company shall
be the later of: (1) The date the limited liability company is formed; or (2) the time
provided in the operating agreement, or if no such time is provided therein, when the
person's admission is reflected in the records of the limited liability company.
(P.A. 93-267, S. 40; P.A. 94-217, S. 18, 40; P.A. 96-254, S. 9, 10.)
History: P.A. 94-217 amended Subsec. (a)(2) to correct statutory reference, effective October 1, 1994, and applicable
to limited liability companies formed on or after October 1, 1993; P.A. 96-254 amended Subsec. (a) to add reference to
Sec. 34-119(c), effective July 1, 1996.