Common use of Formation of Company Clause in Contracts

Formation of Company. The Members have formed a limited liability company under the Act by properly executing and filing the Articles and executing this Agreement. The rights, duties, and liabilities of the Members and the Manager are determined pursuant to the Act, the Articles, and this Agreement.

Formation of Company. The Members have formed a limited liability company under the Act by properly executing and filing the Articles and executing this Agreement. The rights, duties, and liabilities of the Members and the Manager Managers are determined pursuant to the Act, the Articles, and this Agreement.