Maryland Statutes

§ 4A-604

Maryland·Article gca Corporations and Associations·Title 4A
(a)An assignee of an economic interest in a limited liability company may become a member of the limited liability company under any of the following circumstances:
(1)In accordance with the terms of the operating agreement providing for the admission of a member;
(2)By the unanimous consent of the members; or
(3)If there are no remaining members of the limited liability company at the time the assignee obtains the economic interest, on terms that the assignee may determine in accordance with § 4A–902(b)(1)(i) of this title.
(b)An assignee who becomes a member:
(1)Has, to the extent assigned, the rights and powers, and is subject to the restrictions and liabilities, of a member under the operating agreement and this title; an

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Nearby Sections

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§ 4A-1001
§ 4A-1001
§ 4A-1002
§ 4A-1002
§ 4A-1003
§ 4A-1003
§ 4A-1004
§ 4A-1004
§ 4A-1005
§ 4A-1005
§ 4A-1006
§ 4A-1006
§ 4A-1007
§ 4A-1007
§ 4A-1008
§ 4A-1008
§ 4A-1009
§ 4A-1009
§ 4A-101
§ 4A-101
§ 4A-1010
§ 4A-1010
§ 4A-1011
§ 4A-1011
§ 4A-1012
§ 4A-1012
§ 4A-1013
§ 4A-1013
§ 4A-102
§ 4A-102
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