Mississippi Disclaimer of All Rights Under Operating Agreement by Party to Agreement

State:
Multi-State
Control #:
US-OG-595
Format:
Word; 
Rich Text
Instant download

Description

This is a form of Disclaimer of All Rights Under an Operating Agreement (by Party to Agreement).

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FAQ

The Missouri Limited Liability Company Act outlines rules and regulations for establishing and operating a limited liability company (LLC) in this state.

Service of process on entities. (a) A registered agent is an agent of the represented entity authorized to receive service of any process, notice, or demand required or permitted by law to be served on the entity.

The statute of limitations for open accounts (debts) is up to three years from the initial due date stated in the given account. The statute of limitations for a judgment is seven years.

No, Mississippi does not require a written operating agreement but it is highly recommended to outline management, profit/loss distribution and voting rights.

(k) Transacting business in interstate commerce. (c) Is a member or manager of a limited liability company or foreign limited liability company that is transacting business in this state.

Statute of limitations in contracts for sale. An action for breach of any contract for sale must be commenced within six (6) years after the cause of action has accrued. A cause of action accrues when the breach occurs, regardless of the aggrieved party's lack of knowledge of the breach.

§ 79-29-315 - Access to and confidentiality of information; records. (f) Other information regarding the affairs of the limited liability company as is just and reasonable.

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Mississippi Disclaimer of All Rights Under Operating Agreement by Party to Agreement