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Indiana Resolution Accepting Resignation of Member of Limited Liability Company and Appointing a Successor Member

Category:
Limited Liability Company - Members
State:
Multi-State
Control #:
US-01017BG
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Word; 
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This is a form of resolution adopted by unanimous consent of the members of a limited liability rather than having a formal meeting. All members must sign the consent form.

Title: Indiana Resolution Accepting Resignation of Member of Limited Liability Company and Appointing a Successor Member: A Comprehensive Guide Keywords: Indiana Resolution, Accepting Resignation, Member, Limited Liability Company, Appointing Successor Member, Types Introduction: In Indiana, when a member of a Limited Liability Company (LLC) decides to resign, an official resolution must be adopted by the LLC to accept their resignation and appoint a successor member. This detailed guide provides an extensive overview of the Indiana Resolution Accepting Resignation of Member of Limited Liability Company and Appointing a Successor Member, including its purpose, importance, and potential types. 1. Understanding the Indiana Resolution: — Definition of Indiana Resolution: A formal document adopted by an LLC to acknowledge and approve the resignation of a member and appoint a new member. — Purpose: To officially accept the resignation of a member and ensure a smooth transition by appointing a successor member. 2. Importance of the Resolution: — Legal Compliance: By adopting a resolution, the LLC fulfills legal requirements and demonstrates compliance with Indiana state laws. — Maintaining the LLC Structure: Resignations may impact the composition of the LLC, making it vital to promptly appoint a successor to avoid disruptions in operations and decision-making. 3. Components of the Resolution: — Statement of Acceptance: Clearly state that the resignation of the member has been received and accepted by the LLC. — Appointment of Successor Member: Specify the name, address, and any additional relevant details of the member who will replace the resigning member. — Effective Date: Determine the effective date of the resignation acceptance and appointment of the new member. 4. Types of Indiana Resolution Accepting Resignation and Appointing a Successor: — Unanimous Consent Resolution: This type of resolution requires unanimous agreement by all members of the LLC for the resignation acceptance and appointment of the new member. — Resolution by Majority Vote: In cases where the LLC has many members, this type of resolution allows the resignation acceptance and appointment through a majority vote, ensuring efficient decision-making. Conclusion: The Indiana Resolution Accepting Resignation of Member of Limited Liability Company and Appointing a Successor Member is a crucial legal document that ensures a seamless transition within an LLC. By accepting the resignation of a member and appointing a successor, the LLC remains compliant with Indiana state laws and maintains an intact structure. Understanding the resolution and its variations, such as unanimous consent and majority vote resolutions, is essential for LCS operating in Indiana.

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CHAPTER 1. Assumed Business Names. 23-15-1-1. Filing of certificate of assumed name; record; applicability entities; consistent entity indicator; notice of discontinuance of use; fees.

A Limited Liability Partnership (LLP) is formed and governed based on the Indiana Uniform Partnership Act. An LLP is considered a blend of a corporation and a partnership. Beyond the assets that were invested in the partnership, none of the partners may be held personally responsible for the actions of other parties.

Business and Other Associations § 23-1-35-1. (3) in a manner the director reasonably believes to be in the best interests of the corporation. (3) a committee of the board of directors of which the director is not a member if the director reasonably believes the committee merits confidence.

(a) A foreign entity may not do business in Indiana until it registers with the secretary of state under this article. However, this requirement does not apply to foreign regulated entities.

Indiana Code Section 23-0.5-2-13 requires LLCs to submit a biennial business entity report to the Secretary of State every other year. You can file online for a $31 fee or by mail for a $50 fee.

Indiana Code § 23-0.5-3-1. Permitted Names; Falsely Implying Government Agency Status or Connection :: 2022 Indiana Code :: US Codes and Statutes :: US Law :: Justia.

Section 35-32-2-2 - Theft or conversion; receiving stolen property (a) A person may be tried for theft or conversion in any county in which he exerted unauthorized control over the property. (b) A person may be tried for receiving stolen property in any county in which he receives, retains, or disposes of the property.

The employer may, within ninety (90) days after receipt of notice of suit from the employee or the employee's dependents, join in the action upon the employer's motion so that all orders of court after hearing and judgment shall be made for the employer's protection.

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This is a form of resolution adopted by unanimous consent of the members of a limited liability rather than having a formal meeting. All members must sign the ... Sec. 11. "Filing entity" means a business corporation, a nonprofit corporation, a limited liability partnership, a limited partnership, or a limited liability ...Pursuant to Section 18-302(d) of the Delaware Limited Liability Company Act, the undersigned, constituting the sole member of GGCR Mining, LLC, a Delaware ... The Company shall not be dissolved by the admission of Additional Members or Substituted Members or the attempted withdrawal or resignation of a Member. The ... by ES Miller · 2011 · Cited by 1 — In any event, the court noted that Jongebloed's resignation had been memorialized in a written resolution of the managing member in which Jongebloed's. A member in a member-managed LLC, or a member who is also a manager, may be held liable for breaching any fiduciary duties owed to the company and its members. The member may resign at any time by giving ... agent of another foreign or domestic corporation, limited liability company, partnership, joint venture, trust,. The court stated the general rule that members are not individually liable for the debts of a limited liability company. The court then stated that the LLC ... It is an Indiana limited liability corporation validly existing under the laws of the. State of Indiana, is not in violation of any provision of its Articles ... Mar 28, 2023 — WHEREAS, the City has determined to make an annual appropriation request through the budget process from this Council (“Annual Appropriation”) ...

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