LLC Operating Agreement Remove Circle For Free

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LLC Operating Agreement Remove Circle For Free FAQ

Is operating agreement mandatory?

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THIS OPERATING AGREEMENT (this ?Agreement?) of WELLS REIT II - UNIVERSITY CIRCLE, LLC (the ?Company?), effective as of the 9th day of August, 2005, ... THE MEMBERSHIP INTERESTS REPRESENTED BY THIS AMENDED AND RESTATED LIMITED LIABILITY COMPANY OPERATING AGREEMENT HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES ... Operating Agreement of a Sociocratic Limited Liability Company (LLC) ... The top circle may remove any officer from his or her executive office at any time ... The LLC's 2001 operating agreement names William and Barbara as co-managers. ... Barbara also petitioned to remove William as trustee. In that case the operating agreement stated that ?[a]ny officer or agent may be removed by the Members whenever in their judgment the best ... They can vote to dissolve the LLC, replace the managers if the managers have resigned, amend the Operating Agreement, raise additional capital ... Court held that an arbitration clause in an LLC operating agreement did not require arbitration of a member's derivative claim against the other member ... Operating Agreement of a Sociocratic Limited Liability Company (LLC) ... The top circle may remove any officer from his or her executive office at any time ... As noted in the court's opinion, ?the Operating Agreement does not include any provision that relates to the removal of the manager or the ... An LLC's operating agreement may explain the grounds for, and means of, ousting a member. The usual method of involuntary removal is a vote ...

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