REIT Compliance. Without limiting the generality of section 5.1.2, the Manager shall be deemed to have the authority of a “trustee or director” under section 856(a)(1) of the Code and Treas. Reg. §1.856-1(b)(1).
Appears in 11 contracts
Samples: Limited Liability Company Agreement (Nv Reit LLC), Limited Liability Company Agreement (Nv Reit LLC), Limited Liability Company Agreement (Value Add Growth REIT IV, LLC)
REIT Compliance. Without limiting the generality of section 5.1.26.1.2, the Manager shall be deemed to have the authority of a “trustee or director” under section 856(a)(1) of the Code and Treas. Reg. §1.856-1(b)(1).
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Multi-Housing Income REIT, LLC), Limited Liability Company Agreement (Multi-Housing Income REIT, Inc.)
REIT Compliance. Without limiting the generality of section 5.1.2, the Manager shall be deemed to have the authority of a “"trustee or director” " under section 856(a)(1) of the Code and Treas. Reg. §1.856§1.856-1(b)(1).
Appears in 1 contract
Samples: Limited Liability Company Agreement
