The Member definition
Examples of The Member in a sentence
The Member shall not be liable for the debts, obligations, or liabilities of the Company, including under a judgment, decree, or order of a court.
The Member may make such capital contributions (each a “Capital Contribution”) in such amounts and at such times as the Member shall determine.
The Member may take distributions of the capital from time to time in accordance with the limitations imposed by the Statutes.
The Member intends that the Company, as a single-member LLC, shall be taxed as a sole proprietorship in accordance with the provisions of the Internal Revenue Code.
The Member has the sole authority and power to act for or on behalf of the Company, to do any act that would be binding on the Company, or to incur any expenditures on behalf of the Company.