Tax and Accounting Decisions. All decisions as to tax and accounting matters, except as this Agreement specifically provides to the contrary, are made by the Manager. Each of the Members shall supply to the Company the information necessary to give effect properly to any tax election made by the Company under this Section 1.5.2.
Appears in 3 contracts
Samples: Operating Agreement (Moody National REIT I, Inc.), Operating Agreement (Moody National REIT I, Inc.), Operating Agreement (Moody National REIT I, Inc.)
Tax and Accounting Decisions. All decisions as to tax and accounting matters, except as this Agreement specifically provides to the contrary, are made by the ManagerMembers; provided, however, that at the request of any Member, the Company shall make an election under Section 754 of the Code. Each of the Members shall supply to the Company the information necessary to give effect properly to any tax election made by the Company under this Section 1.5.2.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Sitestar Corp)
