Llc Operating Agreement Page 2
ADVERTISEMENT
1
2
3
4
5Exculpation and Indemnification ..................................................................................122
ARTICLE V. Transfer of Interests; Admission and Withdrawal of Members......... 123
Transfers .......................................................................................123
Section 5.1.
Voluntary Withdrawal .......................................................................128
Section 5.2.
Involuntary Withdrawal .....................................................................128
Section 5.3.
Fair Value ......................................................................................129
Section 5.4.
Admission of Members ......................................................................129
Section 5.5.
ARTICLE VI. Dissolution, Liquidation, and Termination of the Company............. 129
Event of Dissolution..........................................................................129
Section 6.1.
No Dissolution Upon Withdrawal .........................................................130
Section 6.2.
Procedure for Winding Up and Dissolution..............................................130
Section 6.3.
ARTICLE VII. Books, Records, Accounting, and Tax Elections ............................. 130
Bank Accounts.................................................................................130
Section 7.1.
Books and Records ...........................................................................130
Section 7.2.
Annual Accounting Period ..................................................................130
Section 7.3.
Reports .........................................................................................130
Section 7.4.
Tax Matters Partner ..........................................................................131
Section 7.5.
Tax Elections ..................................................................................131
Section 7.6.
Title to Company Property .................................................................131
Section 7.7.
ARTICLE VIII. General Provisions ............................................................................ 131
Assurances .....................................................................................131
Section 8.1.
Notifications ...................................................................................131
Section 8.2.
Specific Performance.........................................................................132
Section 8.3.
Complete Agreement ........................................................................132
Section 8.4.
Applicable Law ................................................................................132
Section 8.5.
Section Titles ..................................................................................132
Section 8.6.
Binding Provisions ............................................................................132
Section 8.7.
Terms ...........................................................................................132
Section 8.8.
Separability of Provisions ....................................................................132
Section 8.9.
Section 8.10. Counterparts...................................................................................132
Section 8.11. Amendment of Agreement..................................................................132
Section 8.12. Waiver of Conflict............................................................................132
Exhibit A List of Members, Capital, and Percentages............................................. 135
Exhibit B Articles of Organization............................................................................ 137
Exhibit C Property Contributed ................................................................................ 139
Exhibit D Defined Terms ........................................................................................... 141
Exhibit E Sample Certificates of Interest ................................................................. 147
Exhibit F Special Allocations.................................................................................... 153
Exhibit G Sample Installment Promissory Note ...................................................... 155
____________________________
OPERATING AGREEMENT
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Business