ORS 63.245 Admission of members

A person becomes a member of a limited liability company on the later of:

The date the initial articles of organization are filed; or

The date stated in the records of the limited liability company as the date the person becomes a member.

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:

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;

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

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.