0000798359-02-000062 Sample Contracts

Member Control and Operating Agreement of IRET-BD, LLC
Member Control and Operating Agreement • October 15th, 2002 • Investors Real Estate Trust • Real estate investment trusts

This Member Control and Operating Agreement of IRET-BD, LLC (the "Agreement"), a limited liability company organized in accordance with the Minnesota Limited Liability Company Act, is entered into and shall be effective as of the Effective Date, by and among the Company and the persons executing this Agreement as Members.

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