N.Y. Limited Liability Company Law § 602: Admission of members

§ 602. Admission of members. (a) A person becomes a member of a

limited liability company on the later of:

(1) the effective date of the initial articles of organization; or

(2) the date as of which the person becomes a member pursuant to this

section or the operating agreement; provided, however, that if such date

is not ascertainable, the date stated in the records of the limited

liability company.

(b) After the effective date of a limited liability company's initial

articles of organization, a person may be admitted as a member:

(1) in the case of a person acquiring a membership interest directly

from the limited liability company, upon compliance with the operating

agreement or, if the operating agreement does not so provide, upon the

vote or written consent of a majority in interest of the members;

(2) in the case of an assignee of a membership interest of a member

who has the power, as provided in the operating agreement, to grant the

assignee the right to become a member, upon the exercise of that power

and compliance with any conditions limiting the grant or exercise of the

power; or

(3) unless otherwise provided in an agreement of merger or

consolidation or the operating agreement, in the case of a person

acquiring a membership interest in a surviving or resulting limited

liability company pursuant to a merger or consolidation approved in

accordance with subdivision (b) of section one thousand one of this

chapter, at the time provided in and upon compliance with the operating

agreement of the surviving or resulting limited liability company.