Organization

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  • (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 Lieutenant Governor for filing.

  • (b) Unless a delayed effective date is specified, the existence of a limited liability company begins when the articles of organization are filed.

  • (c) The filing of the articles of organization with the office of the Lieutenant Governor is conclusive proof that the organizers satisfied all conditions precedent to the creation of a limited liability company.

  • (d) Original articles of organization may contain the election of a limited liability company to be treated as an exempt company pursuant to section 853 of this Title, but no such election may be made by amending articles of organization.


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