1. (a) An assignee of an economic interest in a limited liability company may become a member of the limited liability company under any of the following circumstances:

   1. (1) In accordance with the terms of the operating agreement providing for the admission of a member;
   2. (2) By the unanimous consent of the members; or
   3. (3) If there are no remaining members of the limited liability company at the time the assignee obtains the economic interest, on terms that the assignee may determine in accordance with § 4A-902(b)(1)(i) of this title.

2. (b) An assignee who becomes a member:

   1. (1) Has, to the extent assigned, the rights and powers, and is subject to the restrictions and liabilities, of a member under the operating agreement and this title; and
   2. (2) Is liable for any obligations of his assignor to make capital contributions.

Added by Acts 1992, c. 536. Amended by Acts 1997, c. 659, § 1, eff. Oct. 1, 1997; Acts 2011, c. 597, § 1, eff. June 1, 2011; Acts 2012, c. 599, § 1, eff. Oct. 1, 2012; Acts 2012, c. 600, § 1, eff. Oct. 1, 2012; Acts 2013, c. 42, § 1, eff. April 9, 2013; Acts 2020, c. 400, § 1, eff. Oct. 1, 2020; Acts 2020, c. 401, § 1, eff. Oct. 1, 2020.