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.
In New Jersey, a Resolution Accepting Resignation of Member of Limited Liability Company and Appointing a Successor Member is an official document that outlines the process of accepting a member's resignation from a limited liability company (LLC) and appointing a new member to take their place. This resolution is crucial for maintaining the smooth operation and functionality of the LLC. There are two main types of resolutions in New Jersey that cover this particular scenario: 1. Standard Resolution Accepting Resignation and Appointing a Successor Member: This resolution is generally used when a member of an LLC voluntarily decides to resign from their position. It outlines the acceptance of their resignation and the procedure for appointing a new member to fill the vacancy left by the resigning member. This resolution ensures a smooth transition and minimizes disruption to the LLC's operations. 2. Forced Resignation Resolution and Appointing a Successor Member: In some cases, a member may be involuntarily removed from an LLC due to various reasons, such as breaching the terms of the operating agreement, non-performance, or misconduct. A forced resignation resolution is then required to officially accept the resignation of the member and appoint a replacement. This resolution is critical for maintaining the integrity and stability of the LLC. To draft an effective New Jersey Resolution Accepting Resignation of Member of Limited Liability Company and Appointing a Successor Member, include the following key elements: 1. Title and Purpose: Clearly state the purpose of the resolution, including the acceptance of resignation and appointment of a successor member. 2. Company Information: Provide the full legal name and registered address of the LLC. 3. Resignation Details: Specify the name of the resigning member, their role within the LLC, and the date when their resignation takes effect. Include any additional details related to the resignation, such as reasons, terms, or agreements made during the resignation process. 4. Appointment of Successor Member: Identify the new member who will fill the vacancy left by the resigning member. Include their full name, contact information, and the effective date of their appointment. If required, mention any qualifications, procedures, or conditions the new member must meet or fulfill. 5. Voting and Approval: Outline the voting process for approving the resignation and the appointment of the successor member. State the required majority or unanimous consent of the remaining members. 6. Effective Date: Specify the date when the resolution is adopted and becomes effective. 7. Signatures: Include spaces for the signatures of all members approving the resolution, along with their printed names and dates. It's crucial to consult with a legal professional or attorney familiar with New Jersey LLC procedures and regulations to ensure the resolution accurately reflects the specific circumstances and adheres to state laws.
