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Delaware Uniform Common Interest Ownership Act ("DUCIOA"), codified in Chapter 81 of Title 25 of the Delaware Code, governs all common interest communities (planned communities, condominiums, cooperatives, and subdivisions) created after September 30, 2009, unless otherwise exempted. Delaware Uniform Common Interest Ownership Act, Title 25, Chapter 81 hopb.co ? delaware-uniform-common-intere... hopb.co ? delaware-uniform-common-intere...
§§ 18-106. Nature of business permitted; powers. (a) A limited liability company may carry on any lawful business, purpose or activity, whether or not for profit, with the exception of the business of banking as defined in § 126 of Title 8. Title 6 > Chapter 18 - Delaware Code Online delaware.gov ? title6 delaware.gov ? title6
The Delaware Uniform Common Interest Ownership Act applies to condominiums, cooperatives, planned unit communities, and timeshares. A condominium is real estate with sections identified for separate ownership (unit) and the remaining property dedicated to common elements with undivided interests by the unit owners. Delaware Uniform Common Interest Ownership Act - Study.com study.com ? academy ? lesson ? delaware-unifor... study.com ? academy ? lesson ? delaware-unifor...
(b) Pursuant to an agreement of merger or consolidation, 1 or more domestic limited liability companies may merge or consolidate with or into 1 or more domestic limited liability companies or 1 or more other business entities formed or organized under the laws of the State of Delaware or any other state or the United ... Title 6 § 18-104 - Delaware Code delaware.gov ? title6 delaware.gov ? title6
A limited liability company formed under this chapter shall be a separate legal entity, the existence of which as a separate legal entity shall continue until cancellation of the limited liability company's certificate of formation. 6 Delaware Code § 18-201 (2022) - Certificate of formation. - Justia Law justia.com ? subchapter-ii ? section-18-201 justia.com ? subchapter-ii ? section-18-201
Delaware's LLC law requires all Delaware LLCs to have an Operating Agreement. Delaware allows the LLC Operating Agreement to be a verbal agreement. However, having a written LLC Operating Agreement is the only way to make the agreement enforceable. What is a Delaware LLC Operating Agreement? - IncNow incnow.com ? delaware-llc ? operating-agre... incnow.com ? delaware-llc ? operating-agre...
An authorized person would be the person hired to set up the LLC. This is often an attorney or could also be the registered agent listed on the Certificate of Formation. Although an annual LLC tax, which is in the amount of $300, must be paid each year by the first day of June, the tax can be filed and paid online. Delaware Limited Liability Company Act Authorized Person - UpCounsel upcounsel.com ? delaware-limited-liability-c... upcounsel.com ? delaware-limited-liability-c...
Section 18-607 - Limitations on distribution (a) A limited liability company shall not make a distribution to a member to the extent that at the time of the distribution, after giving effect to the distribution, all liabilities of the limited liability company, other than liabilities to members on account of their ... Limitations on distribution, Del. Code tit. 6 § 18-607 - Casetext casetext.com ? statute ? title-6-commerce-and-trade casetext.com ? statute ? title-6-commerce-and-trade