Okla. Stat. tit. 18 § 2023

Current through Laws 2024, c. 453.
Section 2023 - Contribution of member - Form

The contribution of a member to a limited liability company may be in cash, property, services rendered, or a promissory note or other binding obligation to contribute cash or property or to perform services. A person may be admitted to a limited liability company as a member of the limited liability company and may receive a membership interest in the limited liability company without making a contribution or being obligated to make a contribution to the limited liability company. Unless otherwise provided in the operating agreement, a person may be admitted to a limited liability company as a member of the limited liability company without acquiring a membership interest in the limited liability company. Unless otherwise provided in the operating agreement, a person may be admitted as the sole member of a limited liability company without making a contribution or being obligated to make a contribution to the limited liability company or without acquiring a membership interest in the limited liability company.

Okla. Stat. tit. 18, § 2023

Added by Laws 1992, c. 148, § 24, eff. 9/1/1992; Amended by Laws 2004 , SB 1511, c. 255, § 43, eff. 11/1/2004.