Revised Act definition

Revised Act. - means the Texas Revised Limited Partnership Act, as adopted and from time to time amended by the State of Texas.
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Revised Act means the Minnesota Revised Uniform Limited Liability Company Act (Minn. Stat. §§ 322C.0101 et. seq.).
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Revised Act means the Minnesota Revised Uniform Limited Liability Company Act, chapter 322C of the Minnesota statutes.
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Examples of Revised Act in a sentence

  • With respect to the duty of care set forth in this Section 5.6, in accordance with Section 322C.0110, Subdivision 7 of the Revised Act, no Manager or Officer of the Company shall be liable for any money damages to the Company or to any other Member, unless the Manager or Officer has engaged in intentional misconduct or a knowing violation of the law.

  • Officers and other persons of authority may also be appointed by filing a Statement of Authority with the Minnesota Secretary of State pursuant to the Revised Act, Section 322C.0302.

  • Except as otherwise determined by the Manager, the Company shall not be required to indemnify a Person or advance expenses in connection with a proceeding (or part thereof) covered by Section 322C.0408 of the Revised Act if such proceeding (or part thereof) was commenced by such Person.

  • As soon as any Person who is a Member ceases to hold any Interest (other than (i) a transfer for security purposes; or (ii) a charging order in effect under Section 322C.0503 of the Revised Act which has not been foreclosed) such Person shall no longer be a Member and shall be dissociated.

  • If the Revised Act is hereafter amended to authorize the further elimination or limitation of the liability of the Manager then, without requiring any action by the Members, the liability of the Manager shall be further limited to the fullest extent permitted by the Revised Act, as amended.

  • A Member shall not cease to be a Member as a result of the Bankruptcy of such Member or as a result of any other events specified in Section 322C.0602 of the Revised Act except for the events set forth in clauses (11) (merger), (12) (conversion) and (13) (domestication) of Section 322C.0602 of the Revised Act.

  • The Manager and the Members shall exercise their rights and discharge their duties under this Agreement and the Revised Act in a manner consistent with the contractual obligation of good faith and fair dealing, including by acting in a manner, in light of this Agreement, that is honest, fair and reasonable.

  • The Company may amend the Articles of Organization at such time or times and in such manner as may be required by this Agreement or the Revised Act, as the case may be.

  • Except as expressly set forth in this Agreement, this standard represents the voting power required to take action at a duly called meeting pursuant to Section 322C.0407, Subdivision 5, of the Revised Act.

  • None of the provisions in this Agreement are for the benefit of or enforceable by any third-party, including creditors of the Company; provided, however, that the Company may enforce any rights granted to the Company under this Agreement, its Articles of Organization or the Revised Act, as the case may be.


More Definitions of Revised Act

Revised Act means California Corporations Code Sections 15611- 15723, inclusive, more generally known as the California Revised Limited Partnership Act.
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Revised Act means the Utah Revised Business Corporation Act.
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Revised Act means the Minnesota Revised Uniform Limited Liability Company Act (Minn. Stat. SS 322C.0101 et. seq.). kkk. "Securities Act" means the Securities Act of 1933, as amended, or any successor federal statute, and the rules and regulations thereunder. lll. "Shortfall Amount" has the meaning set forth in Section 4.9(b). mmm. "Tax Advance" has the meaning set forth in Section 4.9(a).
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Related to Revised Act

  • repealed Act means the Act repealed by section 4;

  • SEBI Act or “Act” means the Securities and Exchange Board of India Act, 1992;

  • Society Act means the Society Act of the Province of British Columbia from time to time in force and all amendments to it;

  • POPI Act means the Protection of Personal Information Act 4 of 2013 as may be amended from time to time;

  • FMC Act means the Financial Markets Conduct Act 2013.

  • EP Act means the Environmental Protection Xxx 0000;

  • Prohibited Act means: to directly or indirectly offer, promise or give any person working for or engaged by the Customer and/or the Authority a financial or other advantage to: induce that person to perform improperly a relevant function or activity; or reward that person for improper performance of a relevant function or activity; or committing any offence: under the Bribery Act 2010; or under legislation creating offences concerning Fraud; or at common law concerning Fraud; or committing or attempting or conspiring to commit Fraud;

  • the 1981 Act which means the Compulsory Purchase (Vesting Declarations) Act 1981.

  • Takeovers Code means the Hong Kong Code on Takeovers and Mergers;

  • Electricity Act means the Electricity Act, 1998, S.O. 1998, c. 15, Schedule A;

  • the 1961 Act means the Land Compensation Act 1961(d); “the 1965 Act” means the Compulsory Purchase Act 1965(e); “the 1980 Act” means the Highways Act 1980(f);

  • IT Act means the (Indian) Income-tax Act, 1961, as may be amended or supplemented from time to time together (including any successor provisions or re- enactments thereof) with all applicable bye-laws, rules, regulations, circulars, guidelines, notifications, orders, ordinances, policies, directions and the like issued thereunder, as may be amended or modified from time to time.

  • Building Code Act means the Building Code Act, 1992, S.O. 1992, c.23, as amended;

  • the 1991 Act means the Water Industry Act 1991(a);