Ind. Code § 23-18-6-1
Acquisition of membership
Indiana · Indiana Code Title 23 — Business and Other Associations · Status: effective
Cite this
- Citation
- Ind. Code § 23-18-6-1, Acquisition of membership, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1653937
- Permanent ID
ys:prov:1653937@1- SHA-256
79f77fe4d43597be1186451521e9bc7c907674a3bf11ea08e691079b02024c62
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
Sec. 1.
(a) Subject to subsection (b), a person may become a member in a limited liability company:
(1) in the case of a person acquiring an interest directly from the limited liability company, upon compliance with the operating agreement or if the operating agreement does not provide in writing, upon the written consent of all members; and
(2) in the case of an assignee of an interest, as provided in section 4 or 4.1 of this chapter.
(b) The effective time of admission of a member to a limited liability company is the later of the following:
(1) The date the limited liability company is organized.
(2) The time provided in the operating agreement, or if no time is provided, when the person's admission is reflected in the records of the limited liability company.