Partnership Classification. The Members hereby agree that the Company shall not be operated as an “association” taxed as a corporation under the Code and that no election shall be made under the Treasury Regulations by the Members, the Manager, or any officer to treat the Company as an “association” taxable as a corporation without the prior unanimous written consent of the Members.
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Samples: Operating Agreement (Cornerstone Core Properties REIT, Inc.), Operating Agreement (Cornerstone Healthcare Plus Reit, Inc.)
Partnership Classification. The Members Member hereby agree agrees that the Company shall not be operated as an “association” taxed as a corporation “company” under the Code and that no election shall be made under the Treasury Regulations by the Members, the Manager, Member or any officer to treat the Company as an “association” taxable as a corporation “company” without the prior unanimous written consent of the MembersMember.
Appears in 1 contract
Samples: Operating Agreement
Partnership Classification. The Members hereby agree that the Company shall not be operated as an “association” taxed as a corporation “company” under the Code and that no election shall be made under the Treasury Regulations by the Members, the Manager, any Member or any officer to treat the Company as an “association” taxable as a corporation “company” without the prior unanimous written consent of the Members.
Appears in 1 contract
Samples: Operating Agreement
Partnership Classification. The Members hereby agree that the -------------------------- Company shall not be operated as an “"association” " taxed as a corporation "company" under the Code and that no election shall be made under the Treasury Regulations by the Members, the Manager, any Member or any officer to treat the Company as an “"association” " taxable as a corporation "company" without the prior unanimous written consent of the Members.
Appears in 1 contract
Partnership Classification. The Members Member hereby agree agrees that the -------------------------- Company shall not be operated as an “"association” " taxed as a corporation "company" under the Code and that no election shall be made under the Treasury Regulations by the Members, the Manager, Member or any officer to treat the Company as an “"association” " taxable as a corporation "company" without the prior unanimous written consent of the MembersMember.
Appears in 1 contract
