{"data":{"id":"us-or/ors-63.255","jurisdiction":"us-or","citation":"ORS 63.255","heading":"Rights of assignee who becomes member.","body":"(1) An assignee who becomes a member as to the assigned interest has the rights and powers, and is subject to the restrictions and liabilities, of a member under this chapter, the articles of organization and any operating agreement. An assignee who becomes a member also is liable for any obligations of the assignee’s assignor to make contributions under ORS 63.180. However, the assignee is not obligated merely by becoming a member for any other liabilities for which the assignor was liable that were unknown to the assignee at the time the assignee became a member and that could not be ascertained from the articles of organization.\n      (2) Whether or not an assignee of a membership interest becomes a member, the assignor is not released from the assignor’s liability to the limited liability company to make contributions under ORS 63.180.","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":"d4f1ab11079f19ea6e1e3f51ba6581c1c5e5ae11a25698d898be294d9479b99a","source_id":"us-or","stale":false,"prev":"us-or/ors-63.250","next":"us-or/ors-63.259"},"notice":"GroundRules: Original legal text. Not legal advice."}