Public-domain · open source
OpenJurist

AS 10.50.155

Membership requirements

Known as the Alaska Revised Limited Liability Company Act

The act spans §§ 10–10 (147 sections).

(a) A person may become a member in a limited liability company if the person acquires a limited liability company interest (1) directly from the limited liability company (A) in compliance with an operating agreement of the company; or

(B) with the written consent of all of the members of the company if an operating agreement of the company does not provide for acquiring an interest directly from the company; or

(2) by assignment of the interest by a company member in compliance with AS 10.50.165.

(b) A limited liability company must have one or more members.

Official source: Alaska State Legislature. Reproduced from public-domain Alaska statutes; confirm against the official source for the current text. Not legal advice.