If the UK votes to Remain, then the UK will remain a member of the EU.
If the UK votes to Leave the EU, the exit will not happen immediately: first comes a period when the UK can negotiate the details of its withdrawal from the EU, alongside its future relationship with the EU. The likeliest course of action is that the Prime Minister will start the process of leaving by triggering Article 50 of the Treaty on European Union. However, VoteLeave argue that there is no legal obligation for the Prime Minister do to so and that there may be different ways for the UK to manage its departure from the EU including as part of an Intergovernmnental Conference.
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