Montana Option of Remaining Partners to Purchase

State:
Multi-State
Control #:
US-01735-AZ
Format:
Word; 
Rich Text
Instant download

Description

This form states that any partner desiring to withdraw from the partnership prior to the termination or dissolution of the partnership shall only be allowed to do so with the consent of the remaining partners. Prior to granting or denying approval of a partner's request to withdraw, the remaining partners shall have the option to purchase a proportionate share of his interest in the partnership.

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FAQ

To add members to a Montana LLC, you must amend your operating agreement to include the new members. This should outline their roles and responsibilities clearly to avoid future conflicts. You will also need to file appropriate documents with the Montana Secretary of State, ensuring compliance with state laws. Utilizing platforms like uslegalforms can streamline this process, providing templates to simplify your tasks.

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Montana Option of Remaining Partners to Purchase