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.
Mississippi Resolution Accepting Resignation of Member of Limited Liability Company and Appointing a Successor Member is an important legal document that outlines the process of accepting the resignation of a member from a limited liability company (LLC) in Mississippi and appointing a new member as a successor. This resolution is commonly used when a member wishes to leave the LLC or there is a need to replace a member due to various reasons such as retirement, disagreement among members, or any other valid circumstance. The Mississippi Resolution Accepting Resignation of Member of Limited Liability Company and Appointing a Successor Member typically includes the following key details: 1. Introduction: This section states the official name of the LLC, its address, and the date when the resolution is enacted. It also highlights the purpose of the document, which is to accept the resignation of a member and nominate a successor. 2. Resignation Acceptance: This part confirms the receipt and acceptance of the resignation letter submitted by the departing member. It specifies the effective date of the resignation, ensuring clarity regarding the member's termination of responsibilities and rights associated with the LLC. 3. Appointment of Successor Member: Here, the resolution identifies and nominates the new member who will replace the resigning member. The nominee's full name, contact information, and relevant details are provided. The resolution may also mention any specific qualifications, experience, or expertise required for the new member. 4. Voting and Approval: Depending on the operating agreement of the LLC, this section outlines the voting requirements and procedures for approving the resolution. It may specify whether a unanimous vote is necessary or if a majority would suffice. 5. Amendment of Operating Agreement: If the resignation and appointment cause any changes to the LLC's operating agreement, this section highlights the need for amendments, if applicable. It may mention the steps required to modify the agreement to reflect the change in membership. 6. Effective Date and Execution: The resolution concludes by stating the effective date of the resolution and how it will be executed. It usually requires the signature of members involved, along with their titles and dates. Some variations of the Mississippi Resolution Accepting Resignation of Member of Limited Liability Company and Appointing a Successor Member may include additional clauses or specific requirements based on the circumstances. Examples of these variations may include dissenting member resolutions, forced resignation resolutions, or resolutions addressing conflicts of interest. It is crucial to consult an attorney when drafting or executing this resolution to ensure compliance with Mississippi state laws and the LLC's operating agreement. Additionally, maintaining accurate records of such resolutions is important for legal and financial purposes as they impact the membership structure and overall governance of the LLC.
