{"data":{"id":"us-or/ors-63.245","jurisdiction":"us-or","citation":"ORS 63.245","heading":"Admission of members.","body":"(1) A person becomes a member of a limited liability company on the later of:\n      (a) The date the initial articles of organization are filed; or\n      (b) The date stated in the records of the limited liability company as the date the person becomes a member.\n      (2) After the filing of the limited liability company’s initial articles of organization, a person may be admitted as a member of the limited liability company upon compliance with the articles of organization or any operating agreement, or, if neither the articles of organization nor any operating agreement so provide:\n      (a) In the case of a person acquiring a membership interest directly from the limited liability company, upon the consent of a majority of the members;\n      (b) In the case of an assignee of a limited liability company membership interest not governed by paragraph (c) of this section, upon the consent of a majority of the members other than the assignor; or\n      (c) In the case of an assignee of a membership interest in a limited liability company in which, immediately following the assignment, the limited liability company otherwise would have no members, simultaneously with and upon the assignment of the membership interest.","path":["02 - Business Organizations, Commercial Code","7. Corporations and Partnerships","Chapter 63 — Limited Liability Companies"],"source_url":"https://www.oregonlegislature.gov/bills_laws/ors/ors063.html","current_through":"2025 Edition","vintage":"","retrieved_at":"2026-09-03T23:50:10Z","sha256":"1ac0f9c9d85353d1c08389803c5ab1f7a1c87f708672faa7b6f7a690ca321917","source_id":"us-or","stale":false,"prev":"us-or/ors-63.240","next":"us-or/ors-63.249"},"notice":"GroundRules: Original legal text. Not legal advice."}