Additional ProvisionsLLC Agreement • June 24th, 2021
Contract Type FiledJune 24th, 2021As previously mentioned, BSTX is a Delaware limited liability company. As such, the LLC Agreement contains numerous provisions that are standard or not novel for a similarly situated commercial business registered as a limited liability company under the laws of the state of Delaware.74 The Exchange believes that these provisions are consistent with Section 6(b)(1) of the Act 75 because they are consistent with corporate governance practices, generally, and they would help ensure that the Exchange, including in its operation of facilities, is so organized and has the capacity to be able to carry out the purposes of the Act.