Maryland § 4A-601
Full text of Maryland Maryland Code § 4A-601, with citation guidance and answers to common questions.
§ 4A-601.
(a) A person becomes a member of a limited liability company at:
(1) The time the limited liability company is formed;
(2) A later time specified in the operating agreement; or
(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.
(b) After the formation of a limited liability company, a person may be admitted as a member:
(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;
(2) In the case of an assignee of the economic interest of a member, only as provided in § 4A–604 of this subtitle; or
(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.
(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:
(1) Making a capital contribution to the limited liability company;
(2) Being obligated to make a capital contribution to the limited liability company; or
(3) Acquiring an economic interest in the limited liability company.
Frequently Asked Questions About Maryland § 4A-601
What does Maryland Code § 4A-601 cover?
Section 4A-601 is part of the Maryland Code, the codified statutory law of Maryland. 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 Maryland § 4A-601?
A common citation format is "Maryland Code § 4A-601" (Maryland). 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 Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 4A-601 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland 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 Maryland.