Admission; Rights and Powers. Upon issuance to a Person of Shares in accordance with this Agreement, such Person shall become a Member of the Company. The Members shall have the right to approve or disapprove only the matters expressly set forth in this Agreement. No Member shall have any other right or power to take part in the management or control of the Company or its business and affairs or any right or power to act for or bind the Company in any way. No Member, in its capacity as a Member, owes a fiduciary duty to the Company or any other Member or any Limited Partner, and such Member may act in its own self-interest.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Jamestown Invest 1, LLC), Limited Liability Company Agreement (Jamestown Invest 1, LLC), Limited Liability Company Agreement (Jamestown Atlanta Invest 1, LLC)
