RESTATED OPERATING AGREEMENT OF IMH SECURED LOAN FUND, LLC A DELAWARE LIMITED LIABILITY COMPANYOperating Agreement • January 19th, 2010 • IMH Financial Corp • Mortgage bankers & loan correspondents • Delaware
THIS OPERATING AGREEMENT (this “Agreement”) was made and entered into as of the 15th day of May, 2003, as restated as of the 30th day of March, 2006, by and among Investors Mortgage Holdings, Inc., an Arizona corporation (the “Manager” and, in its capacity as a member of the Company, the “Initial Member”), and all Persons who may become members of the Company from time to time in accordance herewith, (the “Members”), and IMH Secured Loan Fund, LLC, a Delaware limited liability company (the “Company”).
