2011 Utah Code
Title 48 Partnership
Chapter 2c Utah Revised Limited Liability Company Act
Section 702 (Repealed 07/01/12) Initial members.

48-2c-702 (Repealed 07/01/12). Initial members.
(1) In connection with the formation of a company, a person becomes a member of the company upon the earliest to occur of the following:
(a) when the person signs the articles of organization as a member;
(b) when the person signs the operating agreement as a member; or
(c) when:
(i) the person evidences the intent to become a member, either orally, in writing, or by other action such as transferring property or paying money to the company for an interest in the company; and
(ii) the person's admission as a member is reflected in the records of the company or is otherwise acknowledged by the company.
(2) Notwithstanding Subsection (1), a person may not become a member of a company prior to formation of the company.

Disclaimer: These codes may not be the most recent version. Utah may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.