GroundRules
← Search the law
Alabama · Through Act 2026-611

Ala. Code § 10A-5A-4.01: Admission of Members.

Read at publisher ↗
Where this section sits in the code
  1. Title 10A Alabama Business and Nonprofit Entities Code.
  2. Chapter 5A Alabama Limited Liability Company Law of 2014.
  3. Article 4 Relations of Members to Each Other and to the Limited Liability Company.

(a) The initial member or members of a limited liability company are admitted as a member or members upon the formation of the limited liability company.

(b) After formation of a limited liability company, a person is admitted as a member of the limited liability company:

(1) as provided in the limited liability company agreement;

(2) as the result of a transaction effective under Article 10 of this chapter or Article 8 of Chapter 1;

(3) with the consent of all the members; or

(4) as provided in Section 10A-5A-7.01(c)(1) or (c)(2).

(c) A person may be admitted as a member without acquiring a transferable interest and without making or being obligated to make a contribution to the limited liability company. A person may be admitted as the sole member without acquiring a transferable interest and without making or being obligated to make a contribution to the limited liability company.

Collected 2026-09-03T14:01:53Z. Source file · JSON

Browse this collection