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Each Member has the rights and obligations specified in this Agreement. "Membership Interest" means the entire ownership interest of a Member in the.OPERATING AGREEMENT OF (insert full name of LLC). Need to amend your Articles of Organization as well? We have a template for that. And the limited liability company's operating agreement. 7.1 Complete Agreement. 16. 7. 2 Governing Law. 17. 7. Writing an operating agreement, for example. In the SMLLC provision should also be made in the operating agreement for the one future event that is certain to occur.
