Since in articles of organization do not include the members of an LLC, how does the state bestow the statutory right of ownership of the LLC at the outset prior to any operating agreement being put in place.

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Technically, the state does not bestow ownership. It just bestows a right to existence. It’s just the contractual interest between the members and the LLC that places a membership interest. This is why an operating agreement is a statutory requirement under the NY LLC Act. Hope this helps!


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