Discuss when a member of a limited liability company does or does not have the following rights
Question:
(a) To assign her interest in the LLC,
(b) To receive repayment of loans made to the LLC on a pro rata basis with general creditors,
(c) To manage the affairs of the LLC, and
(d) To dissolve the LLC upon her withdrawing from the LLC.
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a Yes b Yes c Yes without forfeiting limited liabil...View the full answer
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Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
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