Section 10.50.160. Effective date of admission.

The effective date of the admission of a member to a limited liability company is the later of the date
        (1) when the company is organized;
        (2) established in an operating agreement of the company; or
        (3) when the person's admission is reflected in the records of the company if an operating agreement of the company does not establish an effective date.

Notes

History

(Sec. 1 ch 99 SLA 1994)