2013 New Hampshire Revised Statutes
Title XXVIII - PARTNERSHIPS
Chapter 304-C - LIMITED LIABILITY COMPANIES
Section 304-C:53 - Admissions of Members.


NH Rev Stat § 304-C:53 (2013) What's This?

    304-C:53 Admissions of Members. –
    I. In connection with the formation of a limited liability company, a person otherwise qualified to be a member shall be deemed to be a member:
       (a) On the date provided in the operating agreement; or
       (b) If the operating agreement does not so provide, on the date of formation of the limited liability company.
    II. After the formation of a limited liability company, a person otherwise qualified to be a member shall be deemed to be a member:
       (a) On the date provided in the operating agreement; or
       (b) If the operating agreement does not so provide, on the date on which the person makes a required contribution to the limited liability company; or
       (c) If no such contribution is required, on the date on which the person and the member or members of the limited liability company agree that the person shall become a member.
    III. A person may be admitted to a limited liability company as a member of the limited liability company and may receive membership rights, including a limited liability company interest, without making a contribution or being obligated to make a contribution to the limited liability company.

Source. 2012, 232:2, eff. Jan. 1, 2013.


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