Section 10.50.155. Membership requirements.

Latest version.

   (a) A person may become a member in a limited liability company if the person acquires a limited liability company interest
        (1) directly from the limited liability company
             (A) in compliance with an operating agreement of the company; or
             (B) with the written consent of all of the members of the company if an operating agreement of the company does not provide for acquiring an interest directly from the company; or
        (2) by assignment of the interest by a company member in compliance with AS 10.50.165.
   (b) A limited liability company must have one or more members.

Authorities

10.50.990

Notes

References

AS 10.50.990 Definitions.

History

(Sec. 1 ch 99 SLA 1994; am Sec. 4 ch 78 SLA 1997)

                    
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