1. (a) One or more persons may organize a limited liability company, consisting of one or more members, by delivering articles of organization to the office of the director for filing.
2. (b) The existence of a limited liability company begins when the articles of organization are filed.
3. (c) The filing of the articles of organization by the director is conclusive proof that the organizers satisfied all conditions precedent to the creation of the organization.

[L 1996, c 92, pt of §1; am L 1997, c 4, §1]