Arizona § 29-3106 Operating agreement; effect on limited liability company and persons becoming members; preformation agreement

Arizona Statutes

§ 29-3106 — Operating agreement; effect on limited liability company and persons becoming members; preformation agreement

Arizona § 29-3106

Title 29Arizona Revised Statutes

Ch. 7ARIZONA LIMITED LIABILITY COMPANY ACT

Art. 1General Provisions

This text of Arizona § 29-3106 (Operating agreement; effect on limited liability company and persons becoming members; preformation agreement) is published on Counsel Stack Legal Research, covering Arizona primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ariz. Rev. Stat. Ann. § 29-3106 (2026).

Text

A.A limited liability company is bound by and may enforce the operating agreement, whether or not the company has itself manifested assent to the operating agreement.

B.A person that becomes a member is deemed to assent to the operating agreement.

C.Two or more persons intending to become the initial members of a limited liability company may make an agreement providing that on the formation of the company the agreement will become the operating agreement. One person intending to become the initial member of a limited liability company may assent to terms providing that on the formation of the company the terms will become the operating agreement.

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A. A limited liability company is bound by and may enforce the operating agreement, whether or not the company has itself manifested assent to the operating agreement.

B. A person that becomes a member is deemed to assent to the operating agreement.

C. Two or more persons intending to become the initial members of a limited liability company may make an agreement providing that on the formation of the company the agreement will become the operating agreement. One person intending to become the initial member of a limited liability company may assent to terms providing that on the formation of the company the terms will become the operating agreement.