§ 4A-604
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/md/corporations-and-associations/4a-604·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§4A–604.
(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)In accordance with the terms of the operating agreement providing for the admission of a member;
(2)By the unanimous consent of the members; or
(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.
(b)An assignee who becomes a member:
(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)Is liable for any obligations of his assignor to make capital contributions.