Consent to Revocation. No Member may sign a consent to the revocation of the Company’s election to be taxed as an S corporation for federal income tax purposes unless Members holding at least seventy five percent (75%) of the ownership interests consent to the revocation.
Appears in 1 contract
Samples: Operating Agreement
Consent to Revocation. No Member member may sign a consent to the revocation of the Companycompany’s election to be taxed as an S corporation for federal income tax purposes unless Members members holding at least seventy five percent (75%) % of the ownership interests shares consent to the revocation.
Appears in 1 contract
Samples: Operating Agreement
Consent to Revocation. No Member member may sign a consent to the revocation of the Companycompany’s election to be taxed as an S corporation for federal income tax purposes unless Members members holding at least seventy five percent (75%) % of the ownership interests shares consent to the revocation.. 27 Xxxxx Xxxxx Law- Not to be used without legal representation
Appears in 1 contract
Samples: Investor Operating Agreement
Consent to Revocation. No Member member may sign a consent to the revocation of the Companycompany’s election to be taxed as an S corporation for federal income tax purposes unless Members members holding at least seventy five percent (75%) % of the ownership interests shares consent to the revocation.
Appears in 1 contract
Samples: Investor Operating Agreement