Section 275.275 - Admission to membership in company(1) Subject to subsection (2) of this section, a person may become a member in a limited liability company:(a) In the case of the person acquiring a limited liability company interest directly from a limited liability company, upon compliance with an operating agreement or, if an operating agreement does not so provide in writing, upon the written consent of all members; and(b) In the case of an assignee of the limited liability company interest, as provided in KRS 275.255 and 275.265.(2) The effective time of admission of a member to a limited liability company shall be the later of:(a) The date the limited liability company is formed;(b) The time provided in the operating agreement or, if no time is provided, when the person's admission is reflected in the records of the limited liability company; or(c) The time the member is admitted under KRS 275.285(4).(3) Upon becoming a member in a limited liability company, the member is bound by and a party to the operating agreement.Amended by 2012 Ky. Acts ch. 81,§ 108, eff. 7/11/2012. Amended 2011, Ky. Acts ch. 29, sec. 14, effective 6/8/2011. -- Created 1994 Ky. Acts ch. 389, sec. 55, effective 7/15/1994.