ORS 63.245
Admission of members
(1)
A person becomes a member of a limited liability company on the later of:(a)
The date the initial articles of organization are filed; or(b)
The date stated in the records of the limited liability company as the date the person becomes a member.(2)
After the filing of the limited liability company’s initial articles of organization, a person may be admitted as a member of the limited liability company upon compliance with the articles of organization or any operating agreement, or, if neither the articles of organization nor any operating agreement so provide:(a)
In the case of a person acquiring a membership interest directly from the limited liability company, upon the consent of a majority of the members;(b)
In the case of an assignee of a limited liability company membership interest not governed by paragraph (c) of this section, upon the consent of a majority of the members other than the assignor; or(c)
In the case of an assignee of a membership interest in a limited liability company in which, immediately following the assignment, the limited liability company otherwise would have no members, simultaneously with and upon the assignment of the membership interest. [1993 c.173 §49; 1995 c.93 §13; 1997 c.646 §4]
Source:
Section 63.245 — Admission of members, https://www.oregonlegislature.gov/bills_laws/ors/ors063.html.
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