{"data":{"id":"us-md/md.-code-corporations-and-associations-4a-601","jurisdiction":"us-md","citation":"Md. Code, Corporations and Associations § 4A–601","heading":"","body":"(a) A person becomes a member of a limited liability company at:\n(1) The time the limited liability company is formed;\n(2) A later time specified in the operating agreement; or\n(3) The time specified in § 4A–902(b) of this title relating to continuation of the limited liability company after there are no remaining members.\n(b) After the formation of a limited liability company, a person may be admitted as a member:\n(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 unanimous consent of the members;\n(2) In the case of an assignee of the economic interest of a member, only as provided in § 4A–604 of this subtitle; or\n(3) In the case of a successor to the last remaining member who is not an assignee of the last remaining member, as provided in § 4A–902(b) of this title.\n(c) Unless otherwise agreed, a person may be admitted as a member of a limited liability company and may be the sole member of a limited liability company without:\n(1) Making a capital contribution to the limited liability company;\n(2) Being obligated to make a capital contribution to the limited liability company; or\n(3) Acquiring an economic interest in the limited liability company.","path":["Article - Corporations and Associations"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gca\u0026section=4A-601","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:56:43Z","sha256":"0da32aa852b998e1f0e9fa75b56c97becc80b63bde403facc7985fe4b9edb94e","source_id":"us-md","stale":false,"prev":"us-md/md.-code-corporations-and-associations-4a-505","next":"us-md/md.-code-corporations-and-associations-4a-602"},"notice":"GroundRules: Original legal text. Not legal advice."}