Maine § 1551. - Admission of a member
Full text of Maine Maine Revised Statutes § 1551. — Admission of a member, with citation guidance and answers to common questions.
§ 1551.. Admission of a member
1. In connection with formation. In connection with the formation of a limited liability company, a person is admitted as a member of the limited liability company upon the later of:
A. The formation of the limited liability company; and [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).]
B. The time provided in and upon compliance with the limited liability company agreement or, if the limited liability company agreement does not so provide, when the person's admission is reflected in the records of the limited liability company. [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).]
2. After formation. After formation of a limited liability company, a person is admitted as a member of the limited liability company:
A. As provided in the limited liability company agreement; [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).]
B. As the result of a transaction effective under subchapter 12; [PL 2011, c. 113, Pt. A, §10 (AMD).]
C. With the consent of all the members; or [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).]
D. If, within 90 consecutive days after the limited liability company ceases to have any members:
(2) The designated person consents to be admitted as a member effective as of the date the last person to have been a member ceased to be a member. [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).]
3. Admission without transferable interest or contribution. A person may be admitted as a member without acquiring a transferable interest and without making or being obligated to make a contribution to the limited liability company.
Source: official Maine text · Last verified 2026-08-27
Frequently Asked Questions About Maine § 1551.
What does Maine Revised Statutes § 1551. cover?
Section 1551. ("Admission of a member") is part of the Maine Revised Statutes, the codified statutory law of Maine. 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 Maine § 1551.?
A common citation format is "Maine Revised Statutes § 1551." (Maine). 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 Maine law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maine official source linked on this page or consult a licensed Maine attorney.
How does Maine § 1551. apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maine 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 Maine.