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2018 New Hampshire Revised Statutes
Title XXVIII - Partnerships
Chapter 304-C - Limited Liability Companies
Section 304-C:46 - Admissions of Members Under Limited Liability Company Agreements in Certain Circumstances.
Universal Citation:
NH Rev Stat § 304-C:46 (2018)
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304-C:46 Admissions of Members Under Limited Liability Company Agreements in Certain Circumstances. –
A written operating agreement or another written agreement or writing may provide that a person shall be admitted as a member of a limited liability company, or shall become a transferee of a limited liability company interest or other rights or powers of a member to the extent transferred:
I. If the person, or a representative authorized by the person in writing or by other action, such as payment for a limited liability company interest, signs the operating agreement or any other writing evidencing the intent of the person to become a member or transferee; or
II. Without a signature, if the person, or a representative authorized by such person orally, in writing, or by other action such as payment for a limited liability company interest, complies with the conditions for becoming a member or a transferee of a limited liability company interest as set forth in the operating agreement or any other writing.
A written operating agreement or another written agreement or writing may provide that a person shall be admitted as a member of a limited liability company, or shall become a transferee of a limited liability company interest or other rights or powers of a member to the extent transferred:
I. If the person, or a representative authorized by the person in writing or by other action, such as payment for a limited liability company interest, signs the operating agreement or any other writing evidencing the intent of the person to become a member or transferee; or
II. Without a signature, if the person, or a representative authorized by such person orally, in writing, or by other action such as payment for a limited liability company interest, complies with the conditions for becoming a member or a transferee of a limited liability company interest as set forth in the operating agreement or any other writing.
Source. 2012, 232:2, eff. Jan. 1, 2013.
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