§ 48-232-101. Authorization, Form and Acceptance of Contributions

Permissible Forms.  The contributions of a member to an LLC may be in cash, property, or services rendered or a promissory note. Authority.  Subject to any restrictions in the articles or operating agreement, an LLC through its organizers, members or board of governors may accept contributions, make contribution agreements under § 48-233-101, and make contribution […]

§ 48-232-102. Admission of Members

Approval of a New Member.  Except as otherwise provided in the articles or operating agreement after an LLC is formed, all members must approve the admission of a new person or entity as a member, the interest of such member and the contribution of such member. The articles or operating agreement may delegate the authority […]