2005 Idaho Code - 53-640 — ADMISSION OF MEMBERS

                                  TITLE  53
                                 PARTNERSHIP
                                  CHAPTER 6
                     IDAHO LIMITED LIABILITY COMPANY ACT
    53-640.  ADMISSION OF MEMBERS. (1) Subject to subsection (2) of this
section, a person may become a member in a limited liability company:
    (a)  In the case of a person acquiring a limited liability company
    interest directly from the limited liability company, upon compliance with
    an operating agreement or, if an operating agreement does not so provide
    in writing, upon the written consent of all members; and
    (b)  In the case of an assignee of a limited liability company interest,
    as provided in section 53-638, Idaho Code.
    (2)  The effective time of admission of a member to a limited liability
company shall be the later of:
    (a)  The date the limited liability company is formed; or
    (b)  The time provided in an operating agreement or, if no such time is
    provided therein, then when the person's admission is reflected in the
    records of the limited liability company.