Rights and Obligations of Members. A. No Member shall be obligated to make capital contributions to the Company except as provided in Section 9A. B. No Member shall have any personal liability with respect to the liabilities or obligations of the Company.
Appears in 25 contracts
Samples: Limited Liability Company Operating Agreement (Neighborhoods Capital, LLC), Limited Liability Company Operating Agreement (Stanley-Martin Communities, LLC), Limited Liability Company Operating Agreement (Stanley-Martin Communities, LLC)
Rights and Obligations of Members. A. No Member shall be obligated to make capital contributions to the Company except as provided in Section 9A.
B. No Member shall have any personal liability with respect to the liabilities or obligations of the Company.
C. All Members shall take part in the management and control of the Company's business.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Stanley-Martin Communities, LLC)
