Common Contracts
1 similar Limited Liability Company Agreement contracts
Limited Liability Company Agreement (Section I)Limited Liability Company Agreement • January 13th, 2010
CONTRIBUTIONS: Each partner shall make monthly investment contribution of $75 and $10 for administrative expenses bounded by Section III, paragraph 6 of this agreement. Monthly investment contributions increases will be voted upon on a yearly basis. Voting requirements are 100% participation with majority member votes for passage. Proxies will be accepted as to complete 100% participation requirements. Increases not to exceed $25.00 (excluding administrative fees) annually with a lifetime cap of $150.00 per month. Should vote pass with majority vote, new monthly dues will be in affect in August following the vote to increase.
