Florida § 605.0401 - Becoming a member.
Full text of Florida Florida Statutes § 605.0401 — Becoming a member., with citation guidance and answers to common questions.
§ 605.0401. Becoming a member.
(1) If a limited liability company is to have only one member upon formation, the person becomes a member as agreed by that person and the authorized representative of the company. That person and the authorized representative may be, but need not be, different persons. If different persons, the authorized representative acts on behalf of the initial member. (2) If a limited liability company is to have more than one member upon formation, those persons become members as agreed by the persons before the formation of the company. The authorized representative acts on behalf of the persons in forming the company and may be, but need not be, one of the persons. (3) After formation of a limited liability company, a person becomes a member: (a) As provided in the operating agreement; (b) As the result of a merger, interest exchange, conversion, or domestication under ss. 605.1001-605.1072, as applicable; (c) With the consent of all the members; or (d) As provided in s. 605.0701(3). (4) A person may become a member without acquiring a transferable interest and without making or being obligated to make a contribution to the limited liability company.
Frequently Asked Questions About Florida § 605.0401
What does Florida Statutes § 605.0401 cover?
Section 605.0401 ("Becoming a member.") is part of the Florida Statutes, the codified statutory law of Florida. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Florida § 605.0401?
A common citation format is "Florida Statutes § 605.0401" (Florida). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Florida law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Florida official source linked on this page or consult a licensed Florida attorney.
How does Florida § 605.0401 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Florida can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Florida.