New Mexico § 53-19-36 Admission of members

New Mexico Statutes

§ 53-19-36 — Admission of members

New Mexico § 53-19-36

Ch. 53Corporations

Art. 19Limited Liability Companies

This text of New Mexico § 53-19-36 (Admission of members) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.M. Stat. Ann. § 53-19-36 (2026).

Text

A. Subject to the provisions of Subsection B of this section, a person may become a member of a limited liability company:

(1)in the case of a person acquiring a membership interest directly from the limited liability company, upon compliance with the articles of organization or an operating agreement or, if neither the articles nor an operating agreement so provides, upon the written consent of all members; and (2) in the case of an assignee of a member's interest, as provided in Subsection A of Section 33 [53-19-33 NMSA 1978] of the Limited Liability Company Act. B. The effective time of admission of a member is the later of:

(1)the date the limited liability company is formed; or (2) the time provided in the articles of organization or an operating agreement or, if no such time is pro

Free access — add to your briefcase to read the full text and ask questions with AI

A. Subject to the provisions of Subsection B of this section, a person may become a member of a limited liability company: (1) in the case of a person acquiring a membership interest directly from the limited liability company, upon compliance with the articles of organization or an operating agreement or, if neither the articles nor an operating agreement so provides, upon the written consent of all members; and (2) in the case of an assignee of a member's interest, as provided in Subsection A of Section 33 [53-19-33 NMSA 1978] of the Limited Liability Company Act. B. The effective time of admission of a member is the later of: (1) the date the limited liability company is formed; or (2) the time provided in the articles of organization or an operating agreement or, if no such time is provided in the articles of organization or an operating agreement, then when the person's admission is reflected in the records of the limited liability company.