Mississippi Notice of Joint Operating Agreement

State:
Multi-State
Control #:
US-OG-771
Format:
Word; 
Rich Text
Instant download

Description

This form is used when notice is being executed and recorded for the purpose of giving notice to third parties dealing with Operator and Nonoperators of the existence of an Operating Agreement and perfecting the liens and interests set forth in that Agreement.

How to fill out Notice Of Joint Operating Agreement?

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FAQ

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

The Certificate of Formation is the document, that once approved by the Secretary of State's office, creates your Mississippi LLC. (Mississippi Secretary of State, Business Services Building)

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.

Profanity in Public Title 97, Chap. 29 §47 It is illegal in Mississippi for anyone to ?profanely swear or curse, or use vulgar and indecent language, or be drunk in any public place, in the presence of two or more persons.?

The following operating agreement statutes are from the Revised Mississippi Limited Liability Company Act: Statute 79-29-123. General standards of conduct and construction and application of certificate of formation and operating agreement; scope, function, and limitations.

§ 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.

(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.

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Mississippi Notice of Joint Operating Agreement