Maine Statutes
§ 31 §1551 — Admission of a member
1.In connection with formation.
In connection with the formation of a limited liability company, a person is admitted as a member of the limited liability company upon the later of:
2.After formation.
After formation of a limited liability company, a person is admitted as a member of the limited liability company:
3.Admission without transferable interest or contribution.
A person may be admitted as a member without acquiring a transferable interest and without making or being obligated to make a contribution to the limited liability company.
Free access — add to your briefcase to read the full text and ask questions with AI
Maine § 31 §1551 (Admission of a member) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
PL 2009, c. 629, Pt. A, §2 (NEW). PL 2009, c. 629, Pt. A, §3 (AFF). PL 2011, c. 113, Pt. A, §10 (AMD).
Nearby Sections
15
§ 31 §1501
Short title§ 31 §1502
Definitions§ 31 §1503
Knowledge; notice§ 31 §1505
Capacities and powers§ 31 §1506
Governing law§ 31 §1507
Rules of construction§ 31 §1508
Limited liability company name§ 31 §1509
Reservation of name§ 31 §151
Limited partnership defined§ 31 §152
Formation