Approval or Ratification of Acts or Contracts. The Board of Managers in its discretion may submit any act or contract for approval or ratification at any annual meeting of the Members, or at any special meeting of the Members called for the purpose of considering any such act or contract, and any act or contract that shall be approved or be ratified by the Members shall be as valid and as binding upon the Company and upon all the Members as if it shall have been approved or ratified by every Member of the Company.
Appears in 23 contracts
Samples: Operating Agreement (South Dakota Soybean Processors LLC), Operating Agreement, Operating Agreement (Lake Area Corn Processors LLC)
Approval or Ratification of Acts or Contracts. The Board of Managers Any Director in its discretion may submit any act or contract for approval or ratification at any annual meeting of the Members, or at any special meeting of the Members called for the purpose of considering any such act or contractBoard, and any act or contract that shall be approved or be ratified by the Members Board shall be as valid and as binding upon the Company and upon all the Members Securityholders as if it shall have had been approved or ratified by every Member of the CompanyDirector.
Appears in 1 contract
Samples: Securityholders' Deed
