{"data":{"id":"us-ga/o.c.g.a.-14-11-503","jurisdiction":"us-ga","citation":"O.C.G.A. § 14-11-503","heading":"Rights of assignee to become member.","body":"Except as otherwise provided in the articles of organization or a written operating agreement:\n(1) An assignee of a limited liability company interest may become a member only if the other members unanimously consent;\n(2) An assignee who has become a member has, to the extent assigned, the rights and powers, and is subject to the restrictions and liabilities, of a member under the articles of organization, any operating agreement, and this chapter;\n(3) An assignee who becomes a member is liable for the obligations to make contributions that are enforceable against his or her assignor under Code Section 14-11-402, but he or she is not liable for:\n(A) The obligations of his or her assignor under Code Section 14-11-408; or\n(B) Other obligations of his or her assignor (including obligations to make contributions) of which the assignee had no knowledge at the time he or she became a member and which could not be ascertained from the articles of organization or a written operating agreement; and\n(4) Whether or not an assignee of a limited liability company interest becomes a member, the assignor is not released from his or her liability to the limited liability company under Code Section 14-11-402 or Code Section 14-11-408.","path":["TITLE 14 Corporations, Partnerships, and Associations","CHAPTER 11 Limited Liability Companies","Article 5 Limited Liability Company Interests; Admission of Members"],"source_url":"https://archive.org/download/gov.ga.ocga.2018/release86.2022.11/gov.ga.ocga.title.14.odt","current_through":"Release 86 (2022-11)","vintage":"Public.Resource.Org bulk O.C.G.A., Release 86 (2022-11), retrieved 2026-09-17","retrieved_at":"2026-09-17T19:34:57Z","sha256":"e7f45c00f3837eac74e55ce51a2ec4b2b48d48891eefc788bed90a0e012ba918","source_id":"us-ga","stale":false,"prev":"us-ga/o.c.g.a.-14-11-502","next":"us-ga/o.c.g.a.-14-11-504"},"notice":"GroundRules: Original legal text. Not legal advice."}