Common use of The Treasurer Clause in Contracts

The Treasurer. The Treasurer shall be the chief financial officer of the LLC. The Treasurer shall not be required to give a bond for the faithful discharge of his/her duties. The Treasurer shall: (i) have charge and custody of and be responsible for all funds and securities of the LLC; (ii) in the absence of the President, preside at meetings of the Members; (iii) receive and give receipts for moneys due and payable to the LLC from any source whatsoever, and deposit all such moneys in the name of the LLC in such banks, trust companies or other depositaries as shall be selected by the Members of the LLC; and (iv) in general perform all the duties incident to the office of treasurer and such other duties as from time to time may be assigned by the President or by the Members of the LLC.

Appears in 20 contracts

Samples: Operating Agreement, Sample LLC Operating Agreement, LLC Sample Operating Agreement

AutoNDA by SimpleDocs

The Treasurer. The Treasurer treasurer shall be the chief financial officer of the LLCCompany. The Treasurer treasurer shall not be required to give a bond for the faithful discharge of his/his or her duties. The Treasurer He or she shall: (i) have charge and custody of and be responsible for all funds and securities of the LLCCompany; (ii) be charged with primary responsibility for dealing with national securities exchanges or other exchanges in which the absence of Company may hold a membership or on which the President, preside at meetings of the MembersCompany may trade; (iii) receive and give receipts for moneys due and payable to the LLC Company from any source whatsoever, and deposit all such moneys in the name of the LLC Company in such banks, trust companies or other depositaries as shall be selected by the Members Board of Managers of the LLCCompany; and (iv) in general perform all the duties incident to the office of treasurer and such other duties as from time to time may be assigned to him by the President president or by the Members Board of Managers of the LLCCompany.

Appears in 2 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Global Crossing Servicios, S. De R.L. De C.V.)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.