Limited Liability Company Powers Sample Contracts

322B.20 POWERS.‌
Limited Liability Company Powers • September 8th, 2017

Subdivision 1. Generally and limitations. A limited liability company has the powers set forth in this section, subject to any limitations provided in any other statute of this state or in its articles of organization. The articles may not limit the powers stated in subdivision 3. A member control agreement may limit the powers stated in subdivisions 4 to 24.

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!