TABLE OF CONTENTS DELAWARE LIMITED LIABILITY COMPANY

Size: px
Start display at page:

Download "TABLE OF CONTENTS DELAWARE LIMITED LIABILITY COMPANY"

Transcription

1 TABLE OF CONTENTS DELAWARE LIMITED LIABILITY COMPANY Overview... 2 Tax Issues... 3 Federal Taxes--Default Treatment as a Partnership... 3 Other Federal Taxes... 3 Delaware State Taxes and Reporting Requirements... 3 Required record keeping... 4 Naming the Company, Doing Business Under a Fictitious Name, or Operating In Other States... 4 Accounting Procedures... 5 Insurance... 5 Limited Liability Company Formalities Must be Followed... 5 Meetings, Minutes, and Acting by Unanimous Consent... 7 Management of the Limited Liability Company... 7 Managers' Responsibilities... 8 Members Rights... 9 Liability for Wrongful Distribution... 9 The Organizational Minutes... 9 Annual Meeting...10 The Operating Agreement of the Limited Liability Company...10 Limited Liability Companies Offering Professional Services...10 Company Information Sheet...12 Minutes of the Organizational Meeting...13 Conformed Copy of Banking Resolutions...15 Specimen Certificate of Ownership...16 Minutes of the Annual Meeting of Members...17 Waiver of Notice of Annual Meeting of Members...18 Capital Contribution of Members and Addresses of Members and Managers...19 Operating Agreement...20 Amendment to Articles of Organization/Operating Agreement...37 Approval of Transaction Benefiting Members...38 Approval of Loan to Company

2 MEMORANDUM DELAWARE LIMITED LIABILITY COMPANY Overview This information summarizes how a Delaware limited liability company operates and what needs to be done to preserve the limited liability company status once the documents have been filed by the Delaware Department of State and an organizational meeting has been held. To insure the continued existence of the separate limited liability company entity, the following considerations should be reviewed and observed by the limited liability company employees, managers, and members. The managers or members should devise an operating agreement to govern the operations of the limited liability company, and should maintain proper records consistent with the forms contained herein. The Delaware limited liability company is neither a corporation nor a partnership. It is instead a distinct type of entity mingling the characteristics and powers of a corporation and a partnership. The owners of an LLC are called members, not partners or shareholders. Unlike a corporation which has Articles of Incorporation accompanied by By-Laws, an LLC uses an Operating Agreement that details how the entity will be run. The Operating Agreement is not filed with the Delaware Secretary of State and changes do not need to be filed with or approved by the state. There are separate requirements and rules for Delaware limited liability companies that are formed to offer professional services. These separate requirements and rules are discussed in a separate section of this memorandum. Purchasers and users of this LLC start up kit should be advised to consult with an attorney and check all cited and applicable laws to insure that they are still current. This LLC kit is not meant to be a substitute for the services of an attorney. The authors are not licensed to practice in the state of sale. It is sold with the understanding that the publisher is not engaged in rendering legal, accounting, or other professional service. 2

3 Tax Issues Federal Taxes Default Treatment as a Partnership Once an LLC has been successfully formed under state law, if the LLC does not elect its classification, it will automatically be classified as a partnership (for a multi-member LLC) or a sole proprietorship (for a single-member LLC) for federal income tax purposes. Regulation 301, 26 CFR Part 1. Absent an election to be taxed like a corporation, an LLC will be required to file the same federal tax forms as a partnership or sole proprietorship and can take advantage of the tax allocation methods used for partnerships. Partnerships and LLCs specify in their partnership or operating agreement how the profits and losses of the company will be allocated among the members. This allows members to customize their allocations and not base them solely upon the percentage of ownership they possess in the company. Profits and losses from the LLC that are passed through to the members are reported on their individual income tax forms and paid at their individual tax rate. An LLC may elect to be treated and taxed as a corporation by the IRS. The LLC s members or managers should consult a tax professional regarding the consequences and/or benefits of such an election. Other Federal Taxes Funds collected by a limited liability company as FICA taxes and payroll withholding taxes must be paid as provided by law, or the persons responsible for not doing so may be held personally liable. This liability is separate from that imposed upon the LLC as an employer. The statutes imposing such liability are broad in scope and may be enforced against all officers or other personnel whose duties relate to the withholding function. Delaware State Taxes and Reporting Requirements All Limited Partnerships, Limited Liability Companies and General Partnerships formed in the State of Delaware are required to pay an annual tax of $ Taxes for these entities are to be received no later that June 1st of each year. If the LLC plans to engage in retail or rental business or perform taxable services with the State of Delaware, it must register with the Delaware Division of Revenue as a sales and use tax dealer before it begins conducting business in the state. Businesses can register in person at the Division of Revenue or online at Additionally, each county in Delaware is authorized to levy a discretionary sales surtax on most transactions that are subject to sales and use tax. Furthermore, if the LLC provides communications services, including telephone, mobile, cable, pager, satellite, and facsimile services, the LLC may also be subject to the Communications Services Tax. Please consult the Division of Revenue to determine whether your services subject you to further taxation. 3

4 A Delaware LLC is required to have a registered agent and a registered office, both of which must be reported to the Delaware Secretary of State. The registered agent must be either an individual who resides in Delaware or a foreign or domestic entity (not the LLC itself), that is authorized to transact business in Delaware. Delaware Statutes Annotated, Section The registered agent s address must be identical to the registered office s address, and cannot be a post office box. Delaware Statutes Annotated, Section To change either the registered office or the registered agent, a statement of change must be filed with the Delaware Secretary of State. Delaware Statutes Annotated, Sections The new registered agent must sign the statement of change and accept the appointment as registered agent. Required record keeping List of the names and addresses of all members and managers Copy of the Articles of Organization and all Amendments Copy of the then-effective Operating Agreement and financial statements for three years If not already included in the Articles of Organization or Operating Agreement, a writing describing: the amount of cash and agreed value of any capital contributions, the time at which any additional contributions are to be made, any events that would require dissolution and winding up Copy of all Certificates of Conversion and Executed Powers of Attorney related to organization or conversion Copies of federal, state, and local income tax returns and financial statements for the past three years Naming the Company, Doing Business under a Fictitious Name, or Operating In Other States The LLC must file its name with the Delaware Secretary of State. Delaware Statutes Annotated, Section The Secretary of State will record the name without regard to any other name on file, and filing the name does not create a presumption of ownership. Delaware Statutes Annotated, Section The name for a nonprofessional limited liability company must end with the words limited liability company, limited company, or one of the following abbreviations: L.L.C., L.C., LLC, or LC. Additionally, the word limited may be abbreviated as Ltd. and the word company may be abbreviated as Co. The LLC must conduct business at all times under the name specified in the Articles of Organization. There can be no deviation from use of this name unless an appropriate fictitious name registration has been filed. Letterhead, invoices, and stationery should be ordered to reflect the full, correct company name. Should the LLC do business under a name other than the exact limited liability company name, an Application for Registration of Fictitious Name must be filed with the Delaware Secretary of State. 4

5 If the LLC opens an office or acquires property in another state, it may be required to qualify as a foreign limited liability company before it will be authorized to do business in that state. This will generally involve filing a Certificate of Authority in the other state and paying the required fees. Consult an attorney regarding the particular requirements in each state. Failure to qualify may prohibit the LLC from suing to enforce its contracts in that state or from receiving actual notice in the event it is sued. Accounting Procedures The managers and officers of the limited liability company are responsible for making certain that the LLC follows accounting practices and auditing procedures customarily followed by similar businesses and that these procedures are properly carried out in a timely fashion. Furthermore, certain types of LLCs may be prohibited from using the cash method of accounting, and must use the accrual method of accounting. Accordingly, the LLC s tax professional should be kept informed about all of the limited liability company's business activities. All assets transferred to the limited liability company should be appropriately entered in the company's books, and any such assets become the property of the limited liability company. A tax professional should also advise the company regarding whether the company s fiscal year should end on a date other than the calendar year end, whether any tax elections should be made, and how to prepare and file required tax returns. Insurance Make certain that any business insurance is transferred to the LLC, either by assignment or binder. Promptly consult with an insurance agent regarding how such transfers should be accomplished and what other forms of insurance may be recommended for the LLC. Limited Liability Company Formalities Must be Followed It is extremely important to maintain the formal integrity of the limited liability company entity. The LLC is considered by the law to be a separate person, apart from its members and organizers. This structure, and the limited personal liability that goes with it, must be protected. To ensure proper adherence to limited liability company formalities, it is vital that all important transactions in the business be reflected in written minutes of meetings of managers or members, even where there is only one member. The following items should always be acted upon formally and evidenced by written minutes: All major contracts, including employment contracts, buy-sell agreements, profit sharing plans, pension plans, insurance plans, trust agreements, loans, leases, purchase contracts, and limited liability brokerage and investment accounts should be made in the name and on behalf of the limited liability company and with the required approval. 5

6 The establishment and adjustment of all salaries and bonuses of officers and employees of the limited liability company. Any change in membership interest, including issuing additional interests or any transfers of interests. Such changes should not only be reported to the company s accountant but should also be entered on the certificates of membership interest and the membership register in the limited liability company minute book. Placing restrictions on the ability to transfer membership interests. Accepting the resignation, terminating, or appointing managers. Changing the LLC name, registered office, or registered agent. Changing bank accounts. Any other significant LLC activities. Whenever people sign on behalf of or for the limited liability company, they should add their title next to the signature so that it will be clear that they are acting as an agent of the company rather than in their individual capacity. For instance, if you sign a contract with just your name and do not state your relationship to the limited liability company next to your name in the contract, you may be held personally liable for the contract. An example of a correct signature would be: ABC Farms, L.L.C. By: John Smith, Manager Any LLC bank and checking accounts should also reflect the company name. If necessary, a new bank account should be opened in the name of the limited liability company. This transaction should be accomplished easily by completing a limited liability company resolution that authorizes the company to open a bank account. Any loans or banking activities should be conducted in the company's name rather than in the name of any individual or that individual could become personally liable for the obligations. If a loan is made and the lender requires someone to endorse or guarantee the loan personally, such an action should be approved by the managers and reflect the approval in an appropriately drafted resolution that is adopted and inserted into the company's minute book. 6

7 Meetings, Minutes, and Acting by Unanimous Consent Actions of the managers or members may be taken at an actual meeting or by unanimous written consent. Whenever a meeting is held, written minutes must be created documenting the actions taken at the meeting. The written minutes should include at least the following information: (1) the type of meeting, (2) the date, time, and place of the meeting, (3) whether or not the meeting had a special or specific purpose, (4) the name and title of the persons who acted as chairperson and secretary of the meeting, (5) whether (if required by the operating agreement) the meeting was held pursuant to notice or that notice had been waived by those entitled to receive it, (6) a listing of members present either in person or by proxy and their voting power, (7) whether managers will vote at the meeting and identification of those present and voting and whether a quorum was present, (8) identity of any other persons present at the meeting, (9) whether minutes from a previous meeting were distributed and approved or approved as corrected, (10) a description of any reports presented and identification of the presenters, (11) any resolutions or other votes presented, discussed, approved, disapproved, etc., (12) any other business presented, and (13) time of adjournment. Ideally, the secretary should prepare minutes within a few days of a meeting-taking place and copies should be distributed before the next meeting so they can be reviewed. The Act also provides that actions may be taken using a unanimous written consent action embodying the desired resolutions. Unanimous written consent actions must be executed by all of the members or managers entitled to vote on the matters contained therein. If a limited liability company has relatively few managers and members, it is generally simpler and more convenient to take action by unanimous written consent rather than through actual meetings. If the limited liability company proposes to engage in a transaction affecting the basic structure or existence of the limited liability company, such as a merger or conversion with or an acquisition of another limited liability company, a reorganization in another state, or a dissolution of the company, it is strongly recommended that counsel be consulted to insure that all of the necessary documents and consents are prepared, executed, and where necessary, filed with the appropriate governmental authorities. Management of the Limited Liability Company The LLC will be a member-managed company, unless the Articles of Organization or the Operating Agreement state otherwise. In a member-managed company, management is vested in the members in proportion to the current percentage of the company owned by all the members. Delaware Statutes Annotated, Section If the LLC determines that management should be allocated otherwise, the Articles of Organization or the Operating Agreement should so state. The decision of a majority-in-interest of the members shall be controlling. The members may vote in person or by proxy. If the LLC is to be managed by managers, the Articles of Organization or the Operating Agreement must indicate that the LLC is a manager-managed company. Delaware 7

8 Statutes Annotated, Section In a manager-managed company, the decision of the manager (if only one manager) or a majority of the managers (if more than one manager) shall be controlling. The managers may vote in person or by proxy. The Articles of Organization or the Operating Agreement may include provisions governing notices of the time, place, and purpose of meetings, waivers of notice, actions by consent, and quorum requirements, or any matters related to voting Delaware Statutes Annotated, Section Furthermore, unless prohibited by the Articles of Organization or the Operating Agreement, the members may take an action without a meeting, without prior notice, and without a vote. However, the action must be set forth in writing and a majority (if a majority decision is controlling) of the members or managers must consent to the action. Delaware Statutes Annotated, Section There are two mandatory voting requirements that cannot be eliminated by provisions in either the Articles of Incorporation or the Operating Agreement. Members have the right to vote on dissolutions and mergers, notwithstanding any provision to the contrary in the Articles of Organization and the Operating Agreement. Delaware Statutes Annotated, Section Furthermore, the Articles of Organization and the Operating Agreement cannot be amended unless a majority-in-interest of the members votes for the amendment. Managers' Responsibilities Principal officers and managers of every limited liability company must be mindful of the following specific and important duties and responsibilities: Payments of Salaries to Employees. Officers responsible for the payment of salaries must see that the limited liability company pays those salaries. Managers establish salaries for officers. Payroll Taxes. The limited liability company must pay all payroll taxes. Nonpayment may result in personal, civil or criminal liability to the officers and managers. Duty to Inspect. Managers have the absolute right to inspect all company record books, records, documents and property at any time. If they do not exercise that right, they may be held liable for negligence in the event that the company suffers loss or its creditors suffer loss by reason of failure to exercise diligence in such matters. Managers and managing members should remember that they owe a duty of loyalty and a duty of care to the business. They cannot compete with the business before dissolution, they must refrain from grossly negligent or reckless conduct, and they must account to the company for any property, profit or benefit derived by the member from the company. Delaware Statutes Annotated, Section

9 Members Rights The limited liability company must allow the members to access company records. Additionally, the company must provide each member with information necessary for the exercise of the member s duties under the operating agreement. This requirement cannot be waived in the Operating Agreement. Liability for Wrongful Distribution Members who receive distributions in violation of the Articles of Organization, the Operating Agreement, or the Act are liable to the LLC for three years in an amount equal to the wrongful distribution. Delaware Statutes Annotated, Section Managers who receive distributions in violation of the Articles of Organization, the Operating Agreement, or the Act are liable to the LLC for three years in an amount equal to the wrongful distribution. Delaware Statutes Annotated, Section A manager who is held liable for wrongful distribution may be entitled to contribution from other managers or managing members and from members. The Organizational Minutes The Organizational Minutes are agreed upon at the Organizational Meeting of the members. The minutes document the following actions and have the following effects: The Articles of Organization are reviewed and accepted. The Operating Agreement/Regulations are reviewed and accepted. Identifies the first officers of the LLC. The certificates of membership interest form in the minute book are reviewed and adopted. Identifies to whom membership interest certificates have been issued. Identifies any organizational expenses incurred are authorized to be paid. Authorization is given to open a bank account. The location of the office of the limited liability company is established. The authorization for the necessary license, permits, etc. is given. Authorization is given for necessary documents needed to operate in other states. A fiscal year ending on December 31 is selected. 9

10 All of the managers and members need to sign the Organizational Minutes as appropriate. Annual Meeting The limited liability company should hold an annual members meeting. At that meeting, there should be a discussion and review of the business activities that have transpired during the previous year at the annual meeting. The waiver of notice of the annual meeting should be used to set the time and place of the meeting and, if signed by all members, will dispense with the requirement of giving formal notice of the annual meeting. The Operating Agreement of the Limited Liability Company The members of the company may develop the basic operating rules for the limited liability company, called the Operating Agreement. The Operating Agreement functions similarly to by-laws in a corporation. It reflects the structural framework of the limited liability company and should be consulted any time the limited liability company intends to take action. Members may not include provisions in the Operating Agreement that are contrary to the Act, but many of the default provisions in the Act can be modified by consent in the Operating Agreement. The Delaware Limited Liability Company Act contains default provisions that apply to limited liability companies. Many of these provisions can be customized for the specific circumstances of a company if that company s members include appropriate language in the Operating Agreement. These provisions include, but are not limited to: Management of the LLC by members or managers; The number of members consent necessary for amendments to the Operating Agreement Ability of members to withdraw and under what circumstances; Continuation of the LLC upon withdrawal of a member; and, Procedure for ratifying a specific act that would otherwise violate the duty of loyalty. The Operating Agreement provided in these forms supposes that the limited liability company will be a manager-managed company and that unanimous consent of the members will be required for most company actions. Limited Liability Companies Offering Professional Services Delaware Statutes Annotated, Title 8 governs the organization and operation of a limited liability company that offers professional services and places additional restrictions and requirements on such a company. 10

11 The name of a professional limited liability company must include either the word Chartered or the words Professional Limited Company or the abbreviation P.L. The professional limited liability company may file a registration of fictitious name if it would like to provide services under a name that does not contain the required designations. Only a person, professional corporation, or professional limited liability company duly licensed to perform the professional service to be rendered by the professional limited liability company may a member of the professional limited liability company. Except as specifically provided, the Delaware Statutes may organize a professional limited liability company organized, only for the purpose of rendering one specific type, of professional purpose. A professional service is defined as any type of personal service to the public that requires the person providing the service to obtain a license or other legal authorization prior to rendering that service. This includes the personal services rendered by an architect, attorney, certified public account, chiropractors, dentist, doctor, veterinarian, nurse, or insurance agent. The provision of professional services through a professional limited liability company does not alter or affect the professional relationship between a person rendering the professional services and the person receiving the services. The limited liability company, but not the other members, managers, officers, or employees, may be held jointly and severally liable for the professional negligence of a member, manager, officer, or employee. 11

12 COMPANY INFORMATION SHEET _ Name of Limited Liability Company Organization Date: Organization State: Principal Place of Business: Officers: Operating Manager: Secretary: Treasurer: Bank Accounts: Fiscal Year: Date of Annual Meeting: Members Units 12

13 MINUTES OF THE ORGANIZATIONAL MEETING OF The organizational meeting of the members of the above named limited liability company was held on the date time and place stated below. There were present at the meeting the following members: being all the members of the Limited Liability Company. The meeting was called to order by. It was moved, seconded and unanimously carried that act as temporary chairperson and that act as temporary secretary. The meeting then proceeded to the election of managers. Upon nominations duly made and seconded, the following were elected: Managing Member 1: Managing Member 2: Secretary: Treasurer: The managing member of the above-mentioned Limited Liability Company thereupon assumed the chair, and the secretary of the above-mentioned Limited Liability Company assumed the duties as secretary of the meeting. The Secretary presented to the meeting: 1. Copy of the Articles of organization 2. Specimen certificate of ownership 3. Copy of the Operating Agreement of the Limited Liability Company 4. The Company seal 5. Conformed Copy of banking resolutions RESOLVED, that the Articles of Organization and the Operating Agreement be, and they are, approved, ratified and adopted by the members. 13

14 There was presented to the meeting a specimen of a proposed certificate to represent the ownership of an interest in the company. Upon motion duly made, seconded and unanimously carried, it was RESOLVED, that the specimen form of the certificate at this meeting be, and the same hereby is, approved and adopted as the certificate to represent ownership of an interest in the Limited Liability Company, and that the specimen certificate so presented to the meeting be annexed to the minutes thereof. The Secretary submitted to the meeting a seal proposed for the use as the company seal. Upon motion duly made, seconded and unanimously carried, it was RESOLVED, that the form of the seal submitted to this meeting be, and it hereby is, approved and adopted as and for the Company seal of this Limited Liability Company, and that an impression thereof be made on the margin of these minutes. RESOLVED, that upon receipt of consideration therefore certificates representing ownership in the company be issued by the Secretary as follows: Name and Address Interest in the LLC There was presented to the meeting a conformed copy of banking resolutions. Upon motion duly made, seconded and unanimously carried, it was RESOLVED, that the banking resolutions presented at this meeting be, and the same hereby are, approved and adopted and that a copy of the aforementioned resolutions so presented to the meeting be annexed to the minutes thereof. RESOLVED, that the managing members of the Limited Liability Company be, and they hereby are, authorized, empowered and directed to take any and all steps, and to execute and deliver any and all instruments in connection with carrying the foregoing resolutions into effect. There being no further business to come before the meeting, upon motion duly made, seconded and unanimously carried, the meeting was adjourned. Members: Secretary 14

15 CONFORMED COPY OF BANKING RESOLUTIONS 15

16 SPECIMEN CERTIFICATE OF OWNERSHIP 16

17 MINUTES OF THE ANNUAL MEETING OF MEMBERS OF The annual Meeting of Members of the above named Limited Liability Company was held on the date and time and at the place set forth in the written waiver of notice signed by all the members, fixing such time and place, and prefixed to the minutes of this meeting. There were present at the meeting all of the members of the above named Limited Liability Company. The meeting was called to order by it was moved, seconded and unanimously carried that act as Chairman and that act as Secretary. The Chairman then stated that all of the members were present. The managing member presented his/hers annual report and, after discussion, the report was accepted and ordered filed with the Secretary. The Chairman noted that it was in order to consider electing managing members for the ensuing year. Upon nominations duly made and seconded, the following were unanimously elected managing members of the Limited Liability Company, to serve for the ensuing year and until their successors are elected and qualified: Managing Member: Secretary: Treasurer: There being no further business to come before the meeting, upon duly made, seconded and unanimously carried, it was adjourned. Secretary Members: 17

18 WAIVER OF NOTICE OF ANNUAL MEETING OF MEMBERS OF We, the undersigned, being all of the members of the above named Limited Liability Company, hereby agree and consent that the annual meeting of the members of the Limited Liability Company be held on the date and time and at the place designated hereunder, and do hereby waive all notice whatsoever of such meeting and of any adjournment or adjournments thereof. We do further agree and consent that any and all lawful business may be transacted at such meeting or at any adjournment or adjournments thereof, the members present may deem as advisable thereat. Any business transacted at such meeting or at any adjournment or adjournments thereof shall be as valid and legal and of the same force and effect as if such meeting or adjourned meeting were held after notice. Place of Meeting: Date of Meeting: Time of Meeting: Dated: Member Member Member Member 18

19 CAPITAL CONTRIBUTION OF MEMBERS AND ADDRESSES OF MEMBERS AND MANAGERS AS OF Member's Name: Member s Address Member s Capital Contribution: Member s Percentage Interest Member's Name: Member s Address: Member s Capital Contribution Member s Percentage Interest: Member's Name: Member s Address Member s Capital Contribution: Member s Percentage Interest Member's Name: Member s Address Member s Capital Contribution: Member s Percentage Interest Member's Name: Member s Address Member s Capital Contribution: Member s Percentage Interest Member's Name: Member s Address Member s Capital Contribution: Member s Percentage Interest Member's Name: Member s Address Member s Capital Contribution: Member s Percentage Interest $ (ex: equipment and supplies) $ (ex: services and cash) $ (ex: equipment and supplies) $ (ex: equipment and supplies) $ (ex: equipment and supplies) $ (ex: equipment and supplies) $ (ex: equipment and supplies) Manager's Name: Manager's Address

20 OPERATING AGREEMENT OF A Delaware Limited Liability Company AGREEMENT, Made among: Date: Managing Member 1: Address: Managing Member 2: Address: Collectively hereafter referred to as managing Members and, Member 1: Address: Member 2: Address: Member 3: Address: Member 4: Address: Collectively hereafter referred to as Members W I T N E S S E T H : WHEREAS, the parties hereto desire to form a limited liability company pursuant to the laws of the State of Delaware for the purposes hereinafter set forth, and to establish their respective rights and obligations in connection with the limited liability company; and NOW, THEREFORE, in consideration of the mutual covenants set forth herein and other valuable consideration, the receipt and sufficiency of which hereby are acknowledged, the Managing Members and Members agree as follows: 1. Formation The parties hereby confirm that they have formed a limited liability company (the Limited Liability Company ) pursuant to the provisions of the Delaware Limited Liability Company Act, Delaware Statutes Annotated, Chapter 18, Title 6 et seq., as the same may be amended from time to time, for the purposes and the period and upon the terms and conditions hereinafter set forth. The parties have caused to be filed the Articles of Organization of the Limited Liability Company, and shall execute, acknowledge, swear to and file any other documents required under applicable law.

21 2. Name The name of the Limited Liability Company shall be, and all business of the Limited Liability Company shall be conducted under said name, or such other name as the Members from time to time may determine. 3. Purposes The purposes of the Limited Liability Company are to To incur indebtedness, secured and unsecured; to enter into and perform contracts and agreements of any kind necessary to, in connection with or incidental to the business of the Limited Liability Company; and to carry on any other activities necessary to, in connection with or incidental to the foregoing, as the Managing Members in their discretion may deem desirable. 4. Place of Business The principal place of business and specified office of the Limited Liability Company at which the records required to be maintained by the Limited Liability Company under the Delaware Limited Liability Company Act are to be kept shall be at, or at such other or additional places of business within or outside of the State of Delaware as the Managing Members from time to time may designate. The Managing Members shall notify the other Members of any change of the principal place of business and specified office. The Limited Liability Company hereby designates (Registered Agent), whose address is, as the Registered Agent of the Limited Liability Company for service of process. The Managing Members may change the registered office and Registered Agent from time to time by filing the prescribed forms with the appropriate governmental authorities. 5. Capital Contributions The capital of the Limited Liability Company shall be $., which shall consist of the aggregate of the capital contributions to be made pursuant to this Article 6. Each of the Members shall contribute to the capital of the Limited Liability Company the amount set forth opposite his name below: Managing Member 1- $. Managing Member 2- $. Member 1- $. Member 2- $. Member 3- $. Member 4- $. The Members shall not be required to make any additional capital contributions.

22 Except as specifically provided in this Agreement or required by law, no Member shall have the right to withdraw or reduce his contributions to the capital of the Limited Liability Company until the termination of the Limited Liability Company. No Member shall have the right to demand and receive any distribution from the Limited Liability Company in any form other than cash, regardless of the nature of such Member's capital contribution. No Member shall be paid interest on capital contributions to the Limited Liability Company. The liability of any Member for the losses, debts, liabilities and obligations of the Limited Liability Company shall be limited to paying: the capital contribution of such Member when due under this Agreement; such Member's share of any undistributed assets of the Limited Liability Company; and (only if and to the extent at any time required by applicable law) any amounts previously distributed to such Member by the Limited Liability Company. 6. Loans and Advances by Members If any Member shall loan or advance any funds to the Limited Liability Company in excess of the capital contribution of such Member prescribed herein, such loan or advance shall not be deemed a capital contribution to the Limited Liability Company and shall not in any respect increase such Member's interest in the Limited Liability Company. 7. Allocations and Distributions As used in this Agreement, the terms "net profits" and "net losses" shall mean the profits or losses of the Limited Liability Company from the conduct of the Limited Liability Company's business, after all expenses incurred in connection therewith have been paid or provided for. The net profits or net losses of the Limited Liability Company shall be determined by the Limited Liability Company's accountants in accordance with generally accepted accounting principles applied in determining the income, gains, expenses, deductions or losses, as the case may be, reported by the Limited Liability Company for Federal income tax purposes. The term "cash receipts" shall mean all cash receipts of the Limited Liability Company from whatever source derived, including without limitation capital contributions made by the Members; the proceeds of any sale, exchange, or other disposition of all or any part of the assets of the Limited Liability Company; the proceeds of any loan to the Limited Liability Company; the proceeds of any insurance policy payable to the Limited Liability Company; and the proceeds from the liquidation of the assets of the Limited Liability Company following a termination of the Limited Liability Company. The "capital account" for each Member shall mean the account established, determined and maintained for such Member in accordance with Section 704(b) of the Internal Revenue Code and Treasury Regulation Section (b)(2)(iv). The capital account for each Member shall be increased by (1) the amount of money contributed by such Member to the Limited Liability Company, (2) the fair market value of property contributed by such Member to the Limited Liability Company (net of liabilities secured by such contributed property that the Limited Liability Company is considered to assume or take subject to under Section 752 of the Internal Revenue Code), and (3) allocations to such Member of Limited Liability Company income and gain (or items thereof), including income and gain exempt from tax and income and gain described in Treasury Reg. Section (b)(2)(iv)(g), but excluding income and gain described in subsection (b)(4)(i) of said Regulation, and shall be decreased by (4) the amount of money distributed to such Member by the Limited Liability Company, (5) the fair market value of property distributed to such Member by the Limited Liability Company (net of liabilities secured by such distributed property that such Member is considered to assume or take subject to under Section 752 of the Code), (6) allocations to such Member of expenditures of the Limited Liability Company described in Section 705(a)(2)(B) of the Code, and (7) allocations of Limited Liability Company loss and deduction (or items thereof) including loss and deduction described in Treasury Reg. Section (b)(2)(iv)(g), but excluding items described in (6) above and loss or deduction described in subsections (b)(4)(i) or (b)(4)(iii) of said Regulation. Net profits

23 and net losses of the Limited Liability Company from other than capital transactions, as of the end of any fiscal year or other period, shall be credited or charged to the capital accounts of the Members prior to any charge or credit to said capital accounts for net profits and net losses of the Limited Liability Company from capital transactions as of the end of such fiscal year or other period. The capital account for each Member shall be otherwise adjusted in accordance with the additional rules of Treasury Reg. Section (b)(2)(iv). The term "Members' Percentage Interests" shall mean the percentages set forth opposite the name of each Member below: Managing Members Percentage Interest Other Members Percentage Interest During each fiscal year, the net profits and net losses of the Limited Liability Company (other than from capital transactions), and each item of income, gain, loss, deduction or credit entering into the computation thereof, shall be credited or charged, as the case may be, to the capital accounts of each Member in proportion to the Members' Percentage Interests. The net profits of the Limited Liability Company from capital transactions shall be allocated in the following order of priority: (a) to offset any negative balance in the capital accounts of the Members in proportion to the amounts of the negative balance in their respective capital accounts, until all negative balances in the capital accounts have been eliminated; then (b) to the Members in proportion to the Members' Percentage Interests. The net losses of the Limited Liability Company from capital transactions shall be allocated in the following order of priority: (a) to the extent that the balances in the capital accounts of any Members are in excess of their original contributions, to such Members in proportion to such excess balances in the capital accounts until all such excess balances have been reduced to zero; then (b) to the Members in proportion to the Members' Percentage Interests. The cash receipts of the Limited Liability Company shall be applied in the following order of priority: (a) to the payment by the Limited Liability Company of amounts due on debts and liabilities of the Limited Liability Company other than to any Member, and operating expenses of the Limited Liability Company; (b) to the payment of interest and amortization due on any loan made to the Limited Liability Company by any Member; (c) to the establishment of cash reserves determined by the Managing Members to be necessary or appropriate, including without limitation reserves for the operation of the Limited Liability Company's business, taxes and contingencies; and (d) to the repayment of any loans made to the Limited Liability Company by any Member. Thereafter, the cash receipts of the Limited Liability Company shall be distributed among the Members as hereafter provided. The cash receipts of the Limited Liability Company shall be distributed to the Members from time to time at such times as the Managing Members shall determine. It is contemplated that distributions will be made if the Managing Members deem such distributions to be prudent and feasible. Except as otherwise provided in this Agreement or required by law, distributions of cash receipts of the Limited Liability Company, other than from capital transactions, shall be allocated among the Members in proportion to the Members' Percentage Interests. Except as otherwise provided in this Agreement or required by law, distributions of cash receipts from capital transactions shall be allocated in the following order of priority: (a) to the Members in proportion to their respective capital accounts until each Member has received cash distributions equal to

24 any positive balance in his capital account; then (b) to the Members in proportion to the Members' Percentage Interests. Special Allocations -- Notwithstanding the preceding provisions of this Article 8, the following special allocations shall be made in the following order: (1) Minimum Gain Chargeback -- Except as otherwise provided in Treasury Reg. Section (f), if there is a net decrease in partnership minimum gain (within the meaning of Treasury Reg. Sections (b)(2) and (d)) during any fiscal year, each Member shall be allocated items of the Limited Liability Company's income and gain for such fiscal year (and, if necessary, subsequent fiscal years) in an amount equal to such Member's share of the net decrease in partnership minimum gain, determined in accordance with Treasury Reg. Section (g). Allocations made pursuant to the preceding sentence shall be made in proportion to the respective amounts required to be allocated to each Member pursuant thereto. The items to be so allocated shall be determined in accordance with Treasury Reg. Sections (f)(6) and (j)(2). This provision is intended to comply with the minimum gain chargeback requirement in Treasury Reg. Section (f) and shall be interpreted consistently therewith. (2) Partner Minimum Gain Chargeback -- Except as otherwise provided in Treasury Reg. Section (i)(4), if there is a net decrease in partner nonrecourse debt minimum gain attributable to a partner nonrecourse debt during any fiscal year, each Member who has a share of the partner nonrecourse debt minimum gain attributable to such partner nonrecourse debt, determined in accordance with Treasury Reg. Section (i)(5), shall be allocated items of the Limited Liability Company's income and gain for such fiscal year (and, if necessary, subsequent fiscal years) in an amount equal to such Member's share of the net decrease in partner nonrecourse debt minimum gain attributable to such partner nonrecourse debt, determined in accordance with Treasury Reg. Section (i)(4). Allocations made pursuant to the preceding sentence shall be made in proportion to the respective amounts required to be allocated to each Member pursuant thereto. The items to be so allocated shall be determined in accordance with Treasury Reg. Sections (i)(4) and (j)(2). As used herein, "partner nonrecourse debt" has the meaning set forth in Treasury Reg. Section (b)(4). As used herein, "partner nonrecourse debt minimum gain" shall mean an amount, with respect to each partner nonrecourse debt, equal to the partnership minimum gain (within the meaning of Treasury Reg. Sections (b)(2) and (d)) that would result if such partner nonrecourse debt were treated as a nonrecourse liability (within the meaning of Treasury Reg. Section (b)(3)) determined in accordance with Treasury Reg. Section (i)(3). This provision is intended to comply with the minimum gain chargeback requirement in Treasury Reg. Section (i)(4) and shall be interpreted consistently therewith. (3) Qualified Income Offset -- In the event any Member unexpectedly receives any adjustments, allocations or distributions described in Treasury Reg. Sections (b)(2)(ii)(d)(4), (5) or (6), items of the Limited Liability Company's income and gain shall be allocated to such Member in an amount and manner sufficient to eliminate, to the extent required by the Regulations, any adjusted capital account deficit in such Member's capital account, as quickly as possible, provided that an allocation pursuant to this provision shall be made only if and to the extent that such Member would have a adjusted capital account deficit in such Member's capital account after all other allocations provided for in this Article 8 have been tentatively made as if this provision were not in this Agreement. As used herein, "adjusted capital account deficit" shall mean the deficit balance, if any, in a Member's capital account at the end of the relevant fiscal year after the following adjustments: (i) credit to such capital account the minimum gain chargeback which the Member is obligated to restore pursuant to the penultimate sentences of Treasury Reg. Sections (g)(1) and (i)(5); and (ii) debit to

25 such capital account the items described in Treasury Reg. Sections (b)(2)(ii)(d)(4), (5) and (6). This provision is intended to constitute a qualified income offset within the meaning of Treasury Reg. Section (b)(2)(ii)(d) and shall be interpreted consistently therewith. (4) Gross Income Allocation -- In the event any Member has a deficit capital account at the end of any fiscal year which is in excess of the sum of the amounts such Member is deemed to be obligated to restore pursuant to the penultimate sentences of Treasury Reg. Sections (g)(1) and (i)(5), each such Member shall be allocated items of the Limited Liability Company's income and gain in the amount of such excess as quickly as possible, provided that an allocation pursuant to this provision shall be made only if and to the extent that such Member would have a deficit in such Member's capital account in excess of such sum after all other allocations provided for in this Article 8 have been tentatively made as if this provision and the provisions of clause (3) above were not in this Agreement. (5) Nonrecourse Deductions -- Nonrecourse deductions (within the meaning of Treasury Reg. Section (b)(1)) for any fiscal year shall be allocated among the Members in proportion to the Members' Percentage Interests. (6) Partner Nonrecourse Deductions -- Any partner nonrecourse deductions (within the meaning of Treasury Reg. Sections (b)(1) and (b)(2)) for any fiscal year shall be allocated to the Member who bears the economic risk of loss with respect to the partner nonrecourse debt (within the meaning of Treasury Reg. Section (b)(4)) to which such partner nonrecourse deductions are attributable in accordance with Treasury Reg. Section (i)(1). (7) Other Mandatory Allocations -- In the event Section 704(c) of the Internal Revenue Code or the Regulations thereunder require allocations in a manner different than that set forth above in this Article 8, the provisions of Section 704(c) and the Regulations thereunder shall control such allocations among the Members. It is the intention of the Members that the allocations hereunder shall be deemed to have "substantial economic effect" within the meaning of Section 704 of the Internal Revenue Code and Treasury Reg. Section Should the provisions of this Agreement be inconsistent with or in conflict with Section 704 of the Code or the Regulations thereunder, then Section 704 of the Code and the Regulations shall be deemed to override the contrary provisions hereof. If Section 704 or the Regulations at any time require that limited liability company operating agreements contain provisions which are not expressly set forth herein, such provisions shall be incorporated into this Agreement by reference and shall be deemed a part of this Agreement to the same extent as though they had been expressly set forth herein, and the Managing Members shall be authorized by an instrument in writing to amend the terms of this Agreement to add such provisions, and any such amendment shall be retroactive to whatever extent required to create allocations with a substantial economic effect. 8. Books, Records and Tax Returns At all times during the continuance of the Limited Liability Company, the Managing Members shall keep or cause to be kept complete and accurate records and books of account in which shall be entered each transaction of the Limited Liability Company in accordance with generally accepted accounting principles. The fiscal year of the Limited Liability Company for both accounting and income tax purposes shall be the calendar year. The Limited Liability Company shall report its operations, net income and net losses in accordance with the methods of accounting selected by the Managing Members.

MEMORANDUM LIMITED LIABILITY COMPANY

MEMORANDUM LIMITED LIABILITY COMPANY MEMORANDUM LIMITED LIABILITY COMPANY Overview This information summarizes how a limited liability company operates and what needs to be done to preserve the limited liability company status once the documents

More information

LLC Operating Agreement With Corporate Structure (Delaware)

LLC Operating Agreement With Corporate Structure (Delaware) LLC Operating Agreement With Corporate Structure (Delaware) Document 1080B www.leaplaw.com Access to this document and the LeapLaw web site is provided with the understanding that neither LeapLaw Inc.

More information

AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT OF ICE TRADE VAULT, LLC A DELAWARE LIMITED LIABILITY COMPANY

AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT OF ICE TRADE VAULT, LLC A DELAWARE LIMITED LIABILITY COMPANY AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT OF ICE TRADE VAULT, LLC A DELAWARE LIMITED LIABILITY COMPANY Intercontinenta!Exchange, Inc., a Delaware Corporation ("ICE" or the "Member") hereby

More information

VISUAL RESOURCES ASSOCATION FOUNDATION. A Delaware Nonstock, Nonprofit Corporation ARTICLE 1. OFFICES

VISUAL RESOURCES ASSOCATION FOUNDATION. A Delaware Nonstock, Nonprofit Corporation ARTICLE 1. OFFICES BY-LAWS OF VISUAL RESOURCES ASSOCATION FOUNDATION A Delaware Nonstock, Nonprofit Corporation ARTICLE 1. OFFICES SECTION 1. PRINCIPAL OFFICE The principal office of the Corporation for the transaction of

More information

SOCIETY FOR FOODSERVICE MANAGEMENT FOUNDATION. (a Delaware nonprofit, non-stock corporation) Bylaws ARTICLE I NAME AND PURPOSE

SOCIETY FOR FOODSERVICE MANAGEMENT FOUNDATION. (a Delaware nonprofit, non-stock corporation) Bylaws ARTICLE I NAME AND PURPOSE SOCIETY FOR FOODSERVICE MANAGEMENT FOUNDATION (a Delaware nonprofit, non-stock corporation) Bylaws ARTICLE I NAME AND PURPOSE Section 1.1. Name. The name of the Corporation is Society for Foodservice Management

More information

LIMITED LIABILITY COMPANY OPERATING AGREEMENT, LLC

LIMITED LIABILITY COMPANY OPERATING AGREEMENT, LLC LIMITED LIABILITY COMPANY OPERATING AGREEMENT, LLC A MemberManaged Limited Liability Company OPERATING AGREEMENT THIS OPERATING AGREEMENT is made and entered into effective, 20, by and among: [list the

More information

CERTIFICATE OF FORMATION THE NASDAQ STOCK MARKET LLC

CERTIFICATE OF FORMATION THE NASDAQ STOCK MARKET LLC CERTIFICATE OF FORMATION OF THE NASDAQ STOCK MARKET LLC This Certificate of Formation of The NASDAQ Stock Market LLC (the Company ), dated as, 2005, is being duly executed and filed by, as an authorized

More information

http://www.orrick.com/practices/emerging-companies/startup-forms/pages/disclaimer.aspx

http://www.orrick.com/practices/emerging-companies/startup-forms/pages/disclaimer.aspx Orrick's Technology Companies Group Start-Up Forms Library The attached document is part of the Start-Up Forms Library provided by Orrick's Technology Companies Group. By using/viewing the attached document,

More information

BYLAWS OF CHAMPIONS MADE FROM ADVERSITY A GEORGIA NONPROFIT CORPORATION

BYLAWS OF CHAMPIONS MADE FROM ADVERSITY A GEORGIA NONPROFIT CORPORATION BYLAWS OF CHAMPIONS MADE FROM ADVERSITY A GEORGIA NONPROFIT CORPORATION TABLE OF CONTENTS ARTICLE I INTRODUCTORY... 1 Section 1.1 Name... 1 Section 1.2 Purpose... 1 Section 1.3 Offices... 1 Section 1.4

More information

BYLAWS ARIZONA PSYCHOLOGY TRAINING CONSORTIUM. an Arizona nonprofit corporation. ARTICLE I Offices

BYLAWS ARIZONA PSYCHOLOGY TRAINING CONSORTIUM. an Arizona nonprofit corporation. ARTICLE I Offices BYLAWS OF ARIZONA PSYCHOLOGY TRAINING CONSORTIUM an Arizona nonprofit corporation ARTICLE I Offices Section 1. Organization. ARIZONA PSYCHOLOGY TRAINING CONSORTIUM (the "Corporation") is a nonprofit corporation

More information

BYLAWS OF ARTreach a Texas Non-Profit Corporation * * * * * * * * * * * * * * * * ARTICLE ONE - OFFICES ARTICLE TWO - PURPOSES

BYLAWS OF ARTreach a Texas Non-Profit Corporation * * * * * * * * * * * * * * * * ARTICLE ONE - OFFICES ARTICLE TWO - PURPOSES BYLAWS OF ARTreach a Texas Non-Profit Corporation * * * * * * * * * * * * * * * * ARTICLE ONE - OFFICES Section 1.01. Principal Office. The principal office of the Corporation in the State of Texas shall

More information

OPERATING AGREEMENT, LLC. (Manager Run) Dated:

OPERATING AGREEMENT, LLC. (Manager Run) Dated: Limited liability company OPERATING AGREEMENT of, LLC (Manager Run) Dated: The undersigned Company and all of the members of the Company enter into this Operating Agreement to define their respective rights

More information

Amendment and Consent No. 2 (Morris County Renewable Energy Program, Series 2011)

Amendment and Consent No. 2 (Morris County Renewable Energy Program, Series 2011) Execution Version Amendment and Consent No. 2 (Morris County Renewable Energy Program, Series 2011) by and among MORRIS COUNTY IMPROVEMENT AUTHORITY, COUNTY OF MORRIS, NEW JERSEY, U.S. BANK NATIONAL ASSOCIATION

More information

FOURTH AMENDED and RESTATED OPERATING AGREEMENT of HUSKER AG, LLC. a Nebraska limited liability company

FOURTH AMENDED and RESTATED OPERATING AGREEMENT of HUSKER AG, LLC. a Nebraska limited liability company FOURTH AMENDED and RESTATED OPERATING AGREEMENT of HUSKER AG, LLC a Nebraska limited liability company THIS OPERATING AGREEMENT CONTAINS RETRICTIONS ON TRANSFERABILITY OF MEMBERSHIP INTERESTS HUSKER AG,

More information

BYLAWS OF BOCA RATON AMATEUR RADIO ASSOCIATION, INC. ARTICLE 1 - OFFICES SECTION 1. PRINCIPAL OFFICE

BYLAWS OF BOCA RATON AMATEUR RADIO ASSOCIATION, INC. ARTICLE 1 - OFFICES SECTION 1. PRINCIPAL OFFICE BYLAWS OF BOCA RATON AMATEUR RADIO ASSOCIATION, INC. ARTICLE 1 - OFFICES SECTION 1. PRINCIPAL OFFICE The principal office of the corporation is located at 21512 Woodchuck Lane, Boca Raton FL 33428 SECTION

More information

Sample Partnership Agreement

Sample Partnership Agreement Sample Partnership Agreement THIS AGREEMENT is made and entered into at, this day of, 20, by and between (Name And Address) and (Name And Address) (hereafter collectively referred to as the "Partners").

More information

BYLAWS OF SCIOPEN RESEARCH GROUP, Inc. (a Delaware Non Stock Corporation) ARTICLE I NAME AND OFFICE

BYLAWS OF SCIOPEN RESEARCH GROUP, Inc. (a Delaware Non Stock Corporation) ARTICLE I NAME AND OFFICE BYLAWS OF SCIOPEN RESEARCH GROUP, Inc. (a Delaware Non Stock Corporation) ARTICLE I NAME AND OFFICE Section 1 Name. The name of this corporation is SciOpen Research Group, Inc. (hereinafter referred to

More information

AMENDED AND RESTATED CERTIFICATE OF FORMATION OF LIMITED LIABILITY COMPANY. FIRST. The name of the limited liability company is Movie Gallery US, LLC.

AMENDED AND RESTATED CERTIFICATE OF FORMATION OF LIMITED LIABILITY COMPANY. FIRST. The name of the limited liability company is Movie Gallery US, LLC. AMENDED AND RESTATED CERTIFICATE OF FORMATION OF LIMITED LIABILITY COMPANY FIRST. The name of the limited liability company is Movie Gallery US, LLC. SECOND. The address of its registered office in the

More information

OPERATING AGREEMENT COMPANY NAME, LLC

OPERATING AGREEMENT COMPANY NAME, LLC OPERATING AGREEMENT COMPANY NAME, LLC Any securities created by this Operating Agreement have not been registered under the Georgia Securities Act of 1973, in reliance upon the exemption from registration

More information

BYLAWS OF SCHNAUZER & FRIENDS RESCUE, INC. A NONPROFIT CORPORATION PREAMBLE

BYLAWS OF SCHNAUZER & FRIENDS RESCUE, INC. A NONPROFIT CORPORATION PREAMBLE BYLAWS OF SCHNAUZER & FRIENDS RESCUE, INC. A NONPROFIT CORPORATION PREAMBLE These bylaws are subordinate to and governed by the provisions of the articles of incorporation of this corporation. Section

More information

(LABOR HOUSING LOAN AND GRANT TO A NONPROFIT CORPORATION)

(LABOR HOUSING LOAN AND GRANT TO A NONPROFIT CORPORATION) Form RD 3560-41 ` FORM APPROVED (02-05) OMB NO 0575-0189 (LABOR HOUSING LOAN AND GRANT TO A NONPROFIT CORPORATION) LOAN AND GRANT RESOLUTION OF, 20 RESOLUTION OF THE BOARD OF DIRECTORS OF PROVIDING FOR

More information

Gregory W. Ladner. (ladner@rlf.com) Richards, Layton & Finger, P.A. Materials for: EROSION OF BANKRUPTCY REMOTE STRUCTURING BY THE COURTS:

Gregory W. Ladner. (ladner@rlf.com) Richards, Layton & Finger, P.A. Materials for: EROSION OF BANKRUPTCY REMOTE STRUCTURING BY THE COURTS: Gregory W. Ladner (ladner@rlf.com) Richards, Layton & Finger, P.A. Materials for: EROSION OF BANKRUPTCY REMOTE STRUCTURING BY THE COURTS: WHAT DO THE GENERAL GROWTH AND SUNWEST DECISIONS MEAN FOR YOUR

More information

NATIONAL CONTRACTORS INSURANCE COMPANY, INC., A RISK RETENTION GROUP SUBSCRIPTION AND SHAREHOLDERS AGREEMENT

NATIONAL CONTRACTORS INSURANCE COMPANY, INC., A RISK RETENTION GROUP SUBSCRIPTION AND SHAREHOLDERS AGREEMENT 1 NATIONAL CONTRACTORS INSURANCE COMPANY, INC., A RISK RETENTION GROUP NOTICE SUBSCRIPTION AND SHAREHOLDERS AGREEMENT This policy is issued by your risk retention group. Your risk retention group may not

More information

AMENDED BY-LAWS OF STEELCASE INC. Amended as of: April 17, 2014

AMENDED BY-LAWS OF STEELCASE INC. Amended as of: April 17, 2014 AMENDED BY-LAWS OF STEELCASE INC. Amended as of: April 17, 2014 ARTICLE I Offices SECTION 1.01. Offices. The corporation may have offices at such places both within and without the State of Michigan as

More information

PROFESSIONAL CORPORATION ARTICLES OF INCORPORATION

PROFESSIONAL CORPORATION ARTICLES OF INCORPORATION PROFESSIONAL CORPORATION ARTICLES OF INCORPORATION TABLE OF CONTENTS ARTICLE 1 - OFFICERS Page 1.01 Registered Office and Agent 1 1.02 Other Offices 1 ARTICLE 2 - SHAREHOLDERS 2.01 Place of Meetings 1

More information

BYLAWS ASSOCIATION OF TEXAS COLLEGE AND UNIVERSITY FACILITIES PROFESSIONALS ARTICLE I - OFFICES

BYLAWS ASSOCIATION OF TEXAS COLLEGE AND UNIVERSITY FACILITIES PROFESSIONALS ARTICLE I - OFFICES BYLAWS ASSOCIATION OF TEXAS COLLEGE AND UNIVERSITY FACILITIES PROFESSIONALS ARTICLE I - OFFICES 1. REGISTERED OFFICE AND REGESTERED AGENT The initial registered office and registered agent of the Corporation

More information

BADGER STATE ETHANOL, LLC THIRD AMENDED AND RESTATED OPERATING AGREEMENT (CONTAINS RESTRICTIONS ON TRANSFER OF MEMBERSHIP INTERESTS)

BADGER STATE ETHANOL, LLC THIRD AMENDED AND RESTATED OPERATING AGREEMENT (CONTAINS RESTRICTIONS ON TRANSFER OF MEMBERSHIP INTERESTS) BADGER STATE ETHANOL, LLC THIRD AMENDED AND RESTATED OPERATING AGREEMENT (CONTAINS RESTRICTIONS ON TRANSFER OF MEMBERSHIP INTERESTS) Dated Effective August 7, 2006 FINAL Badger State 3rd Amended and Restated

More information

AMENDED AND RESTATED OPERATING AGREEMENT OF RED TRAIL ENERGY, LLC

AMENDED AND RESTATED OPERATING AGREEMENT OF RED TRAIL ENERGY, LLC AMENDED AND RESTATED OPERATING AGREEMENT OF RED TRAIL ENERGY, LLC MEMBERS 1.1 Place of Meetings. Each meeting of the members shall be held at the principal executive office of the Company or at such other

More information

OPERATING AGREEMENT RALEIGH HOLDINGS, LLC. 12 September 2012

OPERATING AGREEMENT RALEIGH HOLDINGS, LLC. 12 September 2012 OPERATING AGREEMENT OF RALEIGH HOLDINGS, LLC 12 September 2012 RALEIGH HOLDINGS, LLC OPERATING AGREEMENT THIS OPERATING AGREEMENT, dated effective as of 3 August 2012 (the Operating Agreement ), is made

More information

INCOMPLETE SAMPLE MINUTES OF THE ORGANIZATIONAL MEETING OF THE BOARD OF DIRECTORS OF SHSU CLASS CO

INCOMPLETE SAMPLE MINUTES OF THE ORGANIZATIONAL MEETING OF THE BOARD OF DIRECTORS OF SHSU CLASS CO INCOMPLETE SAMPLE MINUTES OF THE ORGANIZATIONAL MEETING OF THE BOARD OF DIRECTORS OF SHSU CLASS CO The organizational meeting of the Board of Directors of SHSU CLASS CO, a Texas corporation, was held at

More information

MAXIM INTEGRATED PRODUCTS, INC. 2008 EMPLOYEE STOCK PURCHASE PLAN

MAXIM INTEGRATED PRODUCTS, INC. 2008 EMPLOYEE STOCK PURCHASE PLAN MAXIM INTEGRATED PRODUCTS, INC. 2008 EMPLOYEE STOCK PURCHASE PLAN (As amended) 1 The Company wishes to attract employees to the Company, its Subsidiaries and Affiliates and to induce employees to remain

More information

BY-LAWS DELAWARE CAPTIVE INSURANCE ASSOCIATION. ARTICLE I Non-stock corporation

BY-LAWS DELAWARE CAPTIVE INSURANCE ASSOCIATION. ARTICLE I Non-stock corporation BY-LAWS OF DELAWARE CAPTIVE INSURANCE ASSOCIATION ARTICLE I Non-stock corporation Delaware Captive Insurance Association, a Delaware corporation (the Corporation ), is a non-stock corporation. ARTICLE

More information

AMENDED AND RESTATED CERTIFICATE OF INCORPORATION OF DUKE ENERGY CORPORATION

AMENDED AND RESTATED CERTIFICATE OF INCORPORATION OF DUKE ENERGY CORPORATION AMENDED AND RESTATED CERTIFICATE OF INCORPORATION OF DUKE ENERGY CORPORATION DUKE ENERGY CORPORATION, a corporation organized and existing under the laws of the State of Delaware (the Corporation ), DOES

More information

Single Member LLC Operating Agreement (Missouri)

Single Member LLC Operating Agreement (Missouri) Single Member LLC Operating Agreement (Missouri) Document 1080MO Access to this document and the LeapLaw web site is provided with the understanding that neither LeapLaw Inc. nor any of the providers of

More information

BY-LAWS OF VT TECHNOLOGY SERVICES & OPERATIONS CORPORATION

BY-LAWS OF VT TECHNOLOGY SERVICES & OPERATIONS CORPORATION BY-LAWS OF VT TECHNOLOGY SERVICES & OPERATIONS CORPORATION VT Technology Services and Operations Corporation ("the Corporation"), a nonstock corporation duly formed under the provisions of the Virginia

More information

BYLAWS. The Masonic Temple Association of Cheney, Washington Name of Corporation. Cheney, Washington City A Washington Masonic Building Corporation

BYLAWS. The Masonic Temple Association of Cheney, Washington Name of Corporation. Cheney, Washington City A Washington Masonic Building Corporation This form is for a single-member Masonic building corporation intended to qualify for federal tax exemption under Section 501(c)(2) of the Internal Revenue Code. If a multiple-member building corporation

More information

AMENDED AND RESTATED CERTIFICATE OF INCORPORATION OF SCIENCE APPLICATIONS INTERNATIONAL CORPORATION

AMENDED AND RESTATED CERTIFICATE OF INCORPORATION OF SCIENCE APPLICATIONS INTERNATIONAL CORPORATION AMENDED AND RESTATED CERTIFICATE OF INCORPORATION OF SCIENCE APPLICATIONS INTERNATIONAL CORPORATION FIRST: NAME. The name of the Corporation is Science Applications International Corporation. SECOND: ADDRESS.

More information

AMENDED AND RESTATED CERTIFICATE OF INCORPORATION DOMTAR CORPORATION

AMENDED AND RESTATED CERTIFICATE OF INCORPORATION DOMTAR CORPORATION June 10, 2009 AMENDED AND RESTATED CERTIFICATE OF INCORPORATION OF DOMTAR CORPORATION The corporation was incorporated under the name Weyerhaeuser TIA, Inc. by the filing of its original Certificate of

More information

OPERATING AGREEMENT ( revised 3-29-2014) ACE ETHANOL, LLC. a Wisconsin limited liability company

OPERATING AGREEMENT ( revised 3-29-2014) ACE ETHANOL, LLC. a Wisconsin limited liability company OPERATING AGREEMENT ( revised 3-29-2014) OF ACE ETHANOL, LLC. a Wisconsin limited liability company Table of Contents Page Article 1 General Provisions Section 1.1 Name... 1 Section 1.2 Registered Office

More information

CHAPTER 2014-254. Committee Substitute for Committee Substitute for House Bill No. 1445

CHAPTER 2014-254. Committee Substitute for Committee Substitute for House Bill No. 1445 CHAPTER 2014-254 Committee Substitute for Committee Substitute for House Bill No. 1445 An act relating to the Citrus County Hospital Board, Citrus County; amending chapter 2011-256, Laws of Florida; authorizing

More information

Minutes of First Meeting of the Board of Directors of [Name of Company]

Minutes of First Meeting of the Board of Directors of [Name of Company] Minutes of First Meeting of the Board of Directors of [Name of Company] The first meeting of the Board of Directors of [Name of Company] was held at [Street Address, City, State], on [date], at [time].

More information

Florida Single Member LLC Operating Agreement. (Florida)

Florida Single Member LLC Operating Agreement. (Florida) Single Member LLC Operating Agreement (Florida) Document 1080B Access to this document and the LeapLaw web site is provided with the understanding that neither LeapLaw Inc. nor any of the providers of

More information

Form: Action by Unanimous Written Consent of the Board of Directors in Lieu of Organizational Meeting (Delaware Corporation) Description:

Form: Action by Unanimous Written Consent of the Board of Directors in Lieu of Organizational Meeting (Delaware Corporation) Description: Form: Description: Action by Unanimous Written Consent of the Board of Directors in Lieu of Organizational Meeting (Delaware Corporation) A form of written consent of the board of directors of a Delaware

More information

CN - 1 $50,000 (YOUR COMPANY NAME HERE) CONVERTIBLE SUBORDINATED PROMISSORY NOTE

CN - 1 $50,000 (YOUR COMPANY NAME HERE) CONVERTIBLE SUBORDINATED PROMISSORY NOTE THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, NOR UNDER ANY STATE SECURITIES LAW AND MAY NOT BE PLEDGED, SOLD, ASSIGNED OR TRANSFERRED UNLESS (I) A REGISTRATION STATEMENT

More information

BYLAWS OF NEMOA ARTICLE I. NAME AND LOCATION

BYLAWS OF NEMOA ARTICLE I. NAME AND LOCATION BYLAWS OF NEMOA ARTICLE I. NAME AND LOCATION The name of the association is NEMOA (the Association ), a Maine nonprofit corporation organized and existing pursuant to the Maine Nonprofit Corporation Act,

More information

THIRD AMENDED AND RESTATED CERTIFICATE OF INCORPORATION OF DYNEGY INC. Pursuant to Section 303 of the Delaware General Corporation Law

THIRD AMENDED AND RESTATED CERTIFICATE OF INCORPORATION OF DYNEGY INC. Pursuant to Section 303 of the Delaware General Corporation Law THIRD AMENDED AND RESTATED CERTIFICATE OF INCORPORATION OF DYNEGY INC. Pursuant to Section 303 of the Delaware General Corporation Law Dynegy Inc., a corporation duly organized and validly existing under

More information

LIMITED LIABILITY COMPANY AGREEMENT CANTOR EXCHANGE, LLC

LIMITED LIABILITY COMPANY AGREEMENT CANTOR EXCHANGE, LLC LIMITED LIABILITY COMPANY AGREEMENT OF CANTOR EXCHANGE, LLC THE UNDERSIGNED is executing this Limited Liability Company Agreement (this Agreement ) for the purpose of forming a limited liability company

More information

FIFTH AMENDED AND RESTATED OPERATING AGREEMENT OF ADVANCED BIOENERGY, LLC. Effective March 16, 2012. DOCS-#3616416-v3

FIFTH AMENDED AND RESTATED OPERATING AGREEMENT OF ADVANCED BIOENERGY, LLC. Effective March 16, 2012. DOCS-#3616416-v3 FIFTH AMENDED AND RESTATED OPERATING AGREEMENT OF ADVANCED BIOENERGY, LLC Effective March 16, 2012 ADVANCED BIOENERGY, LLC FIFTH AMENDED AND RESTATED OPERATING AGREEMENT TABLE OF CONTENTS Page SECTION

More information

BY-LAWS OF ARTICLE 1 OFFICES ARTICLE U MEM B ER S

BY-LAWS OF ARTICLE 1 OFFICES ARTICLE U MEM B ER S BY-LAWS OF Contento Redevelopment LOC. (A Not-For-Profit Corporation) Ltd. ARTICLE 1 OFFICES The office of the Corporation shall be located in the city and state designated in the Certificate of Incorporation.

More information

BEST BUY CO., INC. 2004 OMNIBUS STOCK AND INCENTIVE PLAN

BEST BUY CO., INC. 2004 OMNIBUS STOCK AND INCENTIVE PLAN BEST BUY CO., INC. 2004 OMNIBUS STOCK AND INCENTIVE PLAN Table of Contents Section 1. Purpose... 1 Section 2. Definitions... 1 Section 3. Administration... 3 (a) Power and Authority of the Committee...

More information

Single Member LLC Operating Agreement (Texas)

Single Member LLC Operating Agreement (Texas) Single Member LLC Operating Agreement (Texas) Document 1080TX www.leaplaw.com Access to this document and the LeapLaw web site is provided with the understanding that neither LeapLaw Inc. nor any of the

More information

ARTICLE I OFFICES ARTICLE II MEMBERS

ARTICLE I OFFICES ARTICLE II MEMBERS BY-LAWS OF NAME OF CAC (A Not-For-Profit Corporation) ARTICLE I OFFICES The principal office of the Corporation shall be located in the City of, County of, and State of North Carolina. The Corporation

More information

AMENDED BYLAWS SAN MARCOS UNIVERSITY CORPORATION. A California Nonprofit Public Benefit Corporation. ARTICLE I Objectives

AMENDED BYLAWS SAN MARCOS UNIVERSITY CORPORATION. A California Nonprofit Public Benefit Corporation. ARTICLE I Objectives Adopted by the Board of Directors 08/09/01 Revised 12/7/04; 10/10/07; 06/30/11 AMENDED BYLAWS OF SAN MARCOS UNIVERSITY CORPORATION A California Nonprofit Public Benefit Corporation ARTICLE I Objectives

More information

NASHVILLE MAC FUND I, LLC. A Delaware Limited Liability Company AMENDED AND RESTATED LIMITED LIABILITY COMPANY OPERATING AGREEMENT

NASHVILLE MAC FUND I, LLC. A Delaware Limited Liability Company AMENDED AND RESTATED LIMITED LIABILITY COMPANY OPERATING AGREEMENT NASHVILLE MAC FUND I, LLC A Delaware Limited Liability Company AMENDED AND RESTATED LIMITED LIABILITY COMPANY OPERATING AGREEMENT Dated as of February 7, 2014 THE MEMBERSHIP INTERESTS CREATED BY AND/OR

More information

BY-LAWS OF NEW YORK PASSIVE HOUSE INC. (NYPH) (Not-For-Profit Corporation)

BY-LAWS OF NEW YORK PASSIVE HOUSE INC. (NYPH) (Not-For-Profit Corporation) BY-LAWS OF NEW YORK PASSIVE HOUSE INC. (NYPH) (Not-For-Profit Corporation) ARTICLE I NAME & PURPOSE 1. The name of this corporation shall be New York Passive House. 2. The purpose of NYPH shall be to:

More information

CHAPTER 6. MODEL AGENDA AND MINUTES OF THE FIRST BOARD OF DIRECTORS' MEETING

CHAPTER 6. MODEL AGENDA AND MINUTES OF THE FIRST BOARD OF DIRECTORS' MEETING CHAPTER 6. MODEL AGENDA AND MINUTES OF THE FIRST BOARD OF DIRECTORS' MEETING [MODEL FORM] AGENDA FIRST BOARD OF DIRECTORS MEETING The agenda for the first meeting of the board of directors of a new nonprofit

More information

RESOLUTION TO BORROW AGAINST ANTICIPATED DELINQUENT 2013 REAL PROPERTY TAXES

RESOLUTION TO BORROW AGAINST ANTICIPATED DELINQUENT 2013 REAL PROPERTY TAXES RESOLUTION TO BORROW AGAINST ANTICIPATED DELINQUENT 2013 REAL PROPERTY TAXES At a regular meeting of the Board of Commissioners of the County of Washtenaw, State of Michigan, held at Ann Arbor, Michigan,

More information

FORMATION AND OPERATION OF AN LLC IN CALIFORNIA

FORMATION AND OPERATION OF AN LLC IN CALIFORNIA FORMATION AND OPERATION OF AN LLC IN CALIFORNIA This LLC corpus contains informational documentation provided as a service to help people understand California LLCs. Forms and instructions for many of

More information

M E M O R A N D U M LIMITED LIABILITY: KNOW THE LIMITS

M E M O R A N D U M LIMITED LIABILITY: KNOW THE LIMITS M E M O R A N D U M TO: The Members or Managers FROM: Terri L. Giampetroni Legal Strategies, P.C. You have chosen to do business through the use of a Michigan limited liability company. Your company provides

More information

AMENDED AND RESTATED BYLAWS OF WAL-MART STORES, INC. (EFFECTIVE AS OF FEBRUARY 7, 2014)

AMENDED AND RESTATED BYLAWS OF WAL-MART STORES, INC. (EFFECTIVE AS OF FEBRUARY 7, 2014) AMENDED AND RESTATED BYLAWS OF WAL-MART STORES, INC. (EFFECTIVE AS OF FEBRUARY 7, 2014) ARTICLE I OFFICES Section 1. Registered Office. The registered office of Wal-Mart Stores, Inc. (the Corporation )

More information

Single Member LLC Operating Agreement (New York)

Single Member LLC Operating Agreement (New York) Single Member LLC (New York) Document 1080NY Access to this document and the LeapLaw web site is provided with the understanding that neither LeapLaw Inc. nor any of the providers of information that appear

More information

BYLAWS OF TEXAS LONGHORN BREEDERS OF AMERICA FOUNDATION Amended: May 22 nd, 2015 ARTICLE ONE NAME, PURPOSES, POWERS AN D OFFICES

BYLAWS OF TEXAS LONGHORN BREEDERS OF AMERICA FOUNDATION Amended: May 22 nd, 2015 ARTICLE ONE NAME, PURPOSES, POWERS AN D OFFICES BYLAWS OF TEXAS LONGHORN BREEDERS OF AMERICA FOUNDATION Amended: May 22 nd, 2015 ARTICLE ONE NAME, PURPOSES, POWERS AN D OFFICES Section 1.1. Name. The name of this corporation (the "Foundation") is Texas

More information

BYLAWS OF NVM Express, Inc. A Delaware nonprofit corporation

BYLAWS OF NVM Express, Inc. A Delaware nonprofit corporation BYLAWS OF NVM Express, Inc. A Delaware nonprofit corporation 1. OFFICES 1.1 PRINCIPAL OFFICE. The principal office of NVM Express, Inc. (the Corporation or NVMe ) shall be designated by the Board of Directors.

More information

BYLAWS OF CHOR, INC. (a Delaware non-profit, non-stock corporation) As Adopted on November 15, 2013 and amended on September 10, 2014

BYLAWS OF CHOR, INC. (a Delaware non-profit, non-stock corporation) As Adopted on November 15, 2013 and amended on September 10, 2014 BYLAWS OF CHOR, INC. (a Delaware non-profit, non-stock corporation) As Adopted on November 15, 2013 and amended on September 10, 2014 ARTICLE I NAME & PURPOSES Section 1. Name. The name of the corporation

More information

PENSKE AUTOMOTIVE GROUP, INC. Incorporated Under the General Corporation Law of the State of Delaware BYLAWS AS OF 10/23/2013 * * * * *

PENSKE AUTOMOTIVE GROUP, INC. Incorporated Under the General Corporation Law of the State of Delaware BYLAWS AS OF 10/23/2013 * * * * * PENSKE AUTOMOTIVE GROUP, INC. Incorporated Under the General Corporation Law of the State of Delaware BYLAWS AS OF 10/23/2013 * * * * * ARTICLE I. OFFICES The registered office of PENSKE AUTOMOTIVE GROUP,

More information

WRITTEN CONSENT OF THE MANAGING MEMBER OF SM/STRATFOR PARTNERS, LLC. July 30, 2011

WRITTEN CONSENT OF THE MANAGING MEMBER OF SM/STRATFOR PARTNERS, LLC. July 30, 2011 WRITTEN CONSENT OF THE MANAGING MEMBER OF SM/STRATFOR PARTNERS, LLC July 30, 2011 The undersigned, being the managing member (the Managing Member ) of SM/Stratfor Partners, LLC (the Company ), a limited

More information

[Single Purpose Entity] LIMITED LIABILITY COMPANY AGREEMENT. XXX LLC A Delaware Limited Liability Company. Dated as of

[Single Purpose Entity] LIMITED LIABILITY COMPANY AGREEMENT. XXX LLC A Delaware Limited Liability Company. Dated as of [Single Purpose Entity] LIMITED LIABILITY COMPANY AGREEMENT OF XXX LLC A Delaware Limited Liability Company Dated as of 1 TABLE OF CONTENTS ARTICLE I. DEFINITIONS...1 1.01 Definitions...1 1.02 Construction...2

More information

ARTICLE 19 Limited Liability Companies

ARTICLE 19 Limited Liability Companies 53-19-1 53-19-1 LIMITED LIABILITY COMPANIES 53-19-1 ARTICLE 19 Limited Liability Companies Sec. 53-19-1. Short title. 53-19-2. Definitions. 53-19-3. Name. 53-19-4. Reservation of name. 53-19-5. Registered

More information

Vorpahl Wing Securities, Inc. Assets Management Agreement

Vorpahl Wing Securities, Inc. Assets Management Agreement Vorpahl Wing Securities, Inc. Assets Management Agreement Account : Account # IAR # This Assets Management Agreement together with the Schedules attached hereto, (collectively the Agreement ), is by and

More information

OAKWOOD ACCOUNTABLE CARE ORGANIZATION, LLC. A Michigan Limited Liability Company OPERATING AGREEMENT

OAKWOOD ACCOUNTABLE CARE ORGANIZATION, LLC. A Michigan Limited Liability Company OPERATING AGREEMENT OAKWOOD ACCOUNTABLE CARE ORGANIZATION, LLC A Michigan Limited Liability Company OPERATING AGREEMENT DATED: REFLECTING CHANGES MADE THROUGH MAY 2014 BY THE BOARD OF MANAGERS OAKWOOD ACCOUNTABLE CARE ORGANIZATION,

More information

AMENDED AND RESTATED CERTIFICATE OF INCORPORATION. 21ST CENTURY ONCOLOGY HOLDINGS, INC. (a Delaware corporation)

AMENDED AND RESTATED CERTIFICATE OF INCORPORATION. 21ST CENTURY ONCOLOGY HOLDINGS, INC. (a Delaware corporation) AMENDED AND RESTATED CERTIFICATE OF INCORPORATION OF 21ST CENTURY ONCOLOGY HOLDINGS, INC. (a Delaware corporation) 21st Century Oncology Holdings, Inc., a Delaware corporation (the Corporation ), hereby

More information

BYLAWS. Georgia Robotics Inc. A Non Profit Corporation Approved by the Board of Directors on January 17, 2007 ARTICLE I. Organization and Purpose

BYLAWS. Georgia Robotics Inc. A Non Profit Corporation Approved by the Board of Directors on January 17, 2007 ARTICLE I. Organization and Purpose BYLAWS OF Georgia Robotics Inc. A Non Profit Corporation Approved by the Board of Directors on January 17, 2007 ARTICLE I Organization and Purpose 1. The name of this corporation shall be Georgia Robotics

More information

1BYLAWS OF ARLINGTON ALLIANCE FOR YOUTH, INC. A NON-PROFIT CORPORATION (with amendments 1, 2, & 3)

1BYLAWS OF ARLINGTON ALLIANCE FOR YOUTH, INC. A NON-PROFIT CORPORATION (with amendments 1, 2, & 3) 1BYLAWS OF ARLINGTON ALLIANCE FOR YOUTH, INC. A NON-PROFIT CORPORATION (with amendments 1, 2, & 3) These Bylaws of the Arlington Alliance for Youth, Inc. ( Bylaws ) are subject to, and governed by the

More information

BYLAWS THE NAEPC EDUCATION FOUNDATION. (A Delaware Nonprofit Corporation) ARTICLE I - DEFINITIONS

BYLAWS THE NAEPC EDUCATION FOUNDATION. (A Delaware Nonprofit Corporation) ARTICLE I - DEFINITIONS BYLAWS OF THE NAEPC EDUCATION FOUNDATION (A Delaware Nonprofit Corporation) ARTICLE I - DEFINITIONS As used in these Bylaws, unless the context otherwise requires, the following terms shall have the meanings

More information

Anthony Mancuso, 2007 Operating Agreement for Member-Managed Limited Liability Company Page 1 www.nolo.com

Anthony Mancuso, 2007 Operating Agreement for Member-Managed Limited Liability Company Page 1 www.nolo.com LIMITED LIABILITY COMPANY DATASHEET This document will cite some of the basic facts for an LLC and conclude with a sample Operating Agreement for a Member-Managed LLC. As a new business you know that you

More information

INVESTMENT MANAGEMENT SERVICES AGREEMENT

INVESTMENT MANAGEMENT SERVICES AGREEMENT INVESTMENT MANAGEMENT SERVICES AGREEMENT THIS AGREEMENT is made this day of, 20 by and between I.Q. Trends Private Client Asset Management (the Advisor ), a California corporation, whose principal place

More information

BYLAWS OF ERF WIRELESS, INC. A Nevada Corporation ARTICLE I OFFICES

BYLAWS OF ERF WIRELESS, INC. A Nevada Corporation ARTICLE I OFFICES BYLAWS OF ERF WIRELESS, INC. A Nevada Corporation ARTICLE I OFFICES SECTION 1. PRINCIPAL EXECUTIVE OFFICE. The principal office of the Corporation is hereby fixed in the State of Nevada or at such other

More information

http://www.orrick.com/practices/emerging-companies/startup-forms/pages/disclaimer.aspx

http://www.orrick.com/practices/emerging-companies/startup-forms/pages/disclaimer.aspx Orrick's Technology Companies Group Start-Up Forms Library The attached document is part of the Start-Up Forms Library provided by Orrick's Technology Companies Group. By using/viewing the attached document,

More information

BYLAWS OF SAN JOSE DOWNTOWN PROPERTY OWNERS ASSOCIATION. A California Nonprofit Mutual Benefit Corporation ARTICLE 1 NAME ARTICLE 2 OFFICES

BYLAWS OF SAN JOSE DOWNTOWN PROPERTY OWNERS ASSOCIATION. A California Nonprofit Mutual Benefit Corporation ARTICLE 1 NAME ARTICLE 2 OFFICES BYLAWS OF SAN JOSE DOWNTOWN PROPERTY OWNERS ASSOCIATION A California Nonprofit Mutual Benefit Corporation ARTICLE 1 NAME The name of this corporation shall be San Jose Downtown Property Owners Association.

More information

AMENDMENT TO THE OPERATING AGREEMENT OF BOULDER DANCE, LLC

AMENDMENT TO THE OPERATING AGREEMENT OF BOULDER DANCE, LLC AMENDMENT TO THE OPERATING AGREEMENT OF BOULDER DANCE, LLC The following Amendment to the Operating Agreement of Boulder Dance, LLC is adopted this day of 2005 by agreement of all Members. The purpose

More information

LADENBURG THALMANN FINANCIAL SERVICES INC. QUALIFIED EMPLOYEE STOCK PURCHASE PLAN ARTICLE I BACKGROUND

LADENBURG THALMANN FINANCIAL SERVICES INC. QUALIFIED EMPLOYEE STOCK PURCHASE PLAN ARTICLE I BACKGROUND Adopted by Board: May 21, 2002 Adopted by Shareholders: November 6, 2002 Amendments Approved by Compensation Committee: December 29, 2005 Amendment Approved by Board: September 15, 2006 Amendment Approved

More information

BYLAWS PAAIA FUND. A Delaware Nonstock, Nonprofit Corporation

BYLAWS PAAIA FUND. A Delaware Nonstock, Nonprofit Corporation BYLAWS OF PAAIA FUND A Delaware Nonstock, Nonprofit Corporation BYLAWS OF PAAIA FUND SECTION 1 PURPOSES AND OFFICES. 1.1 Purposes. The PAAIA Fund (the Corporation ) is a nonprofit organization incorporated

More information

FOREXer Advisory ADVISORY AGREEMENT. Last update of this DisclosureDocument is Aug 1 st, 2013.

FOREXer Advisory ADVISORY AGREEMENT. Last update of this DisclosureDocument is Aug 1 st, 2013. FOREXer Advisory ADVISORY AGREEMENT Last update of this DisclosureDocument is Aug 1 st, 2013. TRADING ADVISORY AGREEMENT This Trading Advisory Agreement (the Agreement ) is entered into as of the Date:-------------------by

More information

Sample. [New York LLC Complex Operating Agreement with Options for Various Situations]* OPERATING AGREEMENT OF {}, A NEW YORK LIMITED LIABILITY

Sample. [New York LLC Complex Operating Agreement with Options for Various Situations]* OPERATING AGREEMENT OF {}, A NEW YORK LIMITED LIABILITY [New York LLC Complex Operating Agreement with Options for Various Situations]* OPERATING AGREEMENT OF {}, A NEW YORK LIMITED LIABILITY COMPANY Operating Agreement, dated as of {effective date -- may not

More information

Title 13-B: MAINE NONPROFIT CORPORATION ACT

Title 13-B: MAINE NONPROFIT CORPORATION ACT Title 13-B: MAINE NONPROFIT CORPORATION ACT Chapter 7: DIRECTORS AND OFFICERS Table of Contents Section 701. BOARD OF DIRECTORS... 3 Section 702. NUMBER AND ELECTION OF DIRECTORS... 3 Section 703. VACANCIES...

More information

AMENDED AND RESTATED CERTIFICATE OF INCORPORATION OF EASTMAN CHEMICAL COMPANY

AMENDED AND RESTATED CERTIFICATE OF INCORPORATION OF EASTMAN CHEMICAL COMPANY AMENDED AND RESTATED CERTIFICATE OF INCORPORATION OF EASTMAN CHEMICAL COMPANY ORIGINAL CERTIFICATE OF INCORPORATION FILED WITH SECRETARY OF STATE OF DELAWARE ON JULY 29, 1993; AMENDMENTS FILED ON DECEMBER

More information

BYLAWS HFMA: GEORGIA CHAPTER

BYLAWS HFMA: GEORGIA CHAPTER BYLAWS OF THE HFMA: GEORGIA CHAPTER ARTICLE 1 Name, Objectives, Powers, and Office and Agent Section 1.1 Name. The name of this corporation shall be the HFMA: Georgia Chapter. For purposes of identification

More information

MEMBER CONTROL AGREEMENT of PRAIRIE WOOD DEVELOPMENT ASSOCIATION, LLC, a North Dakota Limited Liability Company organized under NDCC 10-32

MEMBER CONTROL AGREEMENT of PRAIRIE WOOD DEVELOPMENT ASSOCIATION, LLC, a North Dakota Limited Liability Company organized under NDCC 10-32 MEMBER CONTROL AGREEMENT of PRAIRIE WOOD DEVELOPMENT ASSOCIATION, LLC, a North Dakota Limited Liability Company organized under NDCC 10-32 ARTICLE 1 INITIAL DATE, PARTIES, AUTHORIZATION AND PURPOSE OF

More information

BYLAWS OF CARDLINX ASSOCIATION. A Delaware nonprofit, nonstock corporation 1. OFFICES 2. DEFINITIONS

BYLAWS OF CARDLINX ASSOCIATION. A Delaware nonprofit, nonstock corporation 1. OFFICES 2. DEFINITIONS 1.1 Principal Office. BYLAWS OF CARDLINX ASSOCIATION A Delaware nonprofit, nonstock corporation 1. OFFICES The principal office of Cardlinx Association ( the Corporation ) shall be located at 7 West 41st

More information

FIFTH RESTATED CERTIFICATE OF INCORPORATION OF THE CHARLES SCHWAB CORPORATION (Effective May 7, 2001)

FIFTH RESTATED CERTIFICATE OF INCORPORATION OF THE CHARLES SCHWAB CORPORATION (Effective May 7, 2001) FIFTH RESTATED CERTIFICATE OF INCORPORATION OF THE CHARLES SCHWAB CORPORATION (Effective May 7, 2001) (Originally incorporated on November 25, 1986, under the name CL Acquisition Corporation) FIRST. The

More information

Operating Agreement. WXYZ Company, LLC, a [State] Limited Liability Company

Operating Agreement. WXYZ Company, LLC, a [State] Limited Liability Company Operating Agreement WXYZ Company, LLC, a [State] Limited Liability Company THIS OPERATING AGREEMENT of WXYZ Company, LLC (the Company ) is entered into as of the date set forth on the signature page of

More information

BYLAWS. OPC FOUNDATION (an Arizona Nonprofit Corporation) ARTICLE I OFFICES, CORPORATE SEAL, OFFICIAL LANGUAGE

BYLAWS. OPC FOUNDATION (an Arizona Nonprofit Corporation) ARTICLE I OFFICES, CORPORATE SEAL, OFFICIAL LANGUAGE BYLAWS OF OPC FOUNDATION (an Arizona Nonprofit Corporation) ARTICLE I OFFICES, CORPORATE SEAL, OFFICIAL LANGUAGE Section 1.01. Organization. OPC FOUNDATION (the "Corporation") is a nonprofit corporation

More information

OPERATING AGREEMENT OF PREFERRED CONTRACTORS INSURANCE COMPANY RISK RETENTION GROUP, LLC

OPERATING AGREEMENT OF PREFERRED CONTRACTORS INSURANCE COMPANY RISK RETENTION GROUP, LLC OPERATING AGREEMENT OF PREFERRED CONTRACTORS INSURANCE COMPANY RISK RETENTION GROUP, LLC This OPERATING AGREEMENT of Preferred Contractors Insurance Company Risk Retention Group, LLC (the Company ), dated

More information

EX-3.1 2 dex31.htm THIRD AMENDED AGREEMENT OF LTD. PARTNERSHIP Exhibit 3.1

EX-3.1 2 dex31.htm THIRD AMENDED AGREEMENT OF LTD. PARTNERSHIP Exhibit 3.1 EX-3.1 2 dex31.htm THIRD AMENDED AGREEMENT OF LTD. PARTNERSHIP Exhibit 3.1 THIRD AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP OF ENERGY TRANSFER EQUITY, L.P. TABLE OF CONTENTS ARTICLE I DEFINITIONS

More information

AMENDED AND RESTATED CERTIFICATE OF INCORPORATION OF EVERBANK FINANCIAL CORP

AMENDED AND RESTATED CERTIFICATE OF INCORPORATION OF EVERBANK FINANCIAL CORP AMENDED AND RESTATED CERTIFICATE OF INCORPORATION OF EVERBANK FINANCIAL CORP EverBank Financial Corp, a corporation organized and existing under and by virtue of the provisions of the General Corporation

More information

Sample Operating Agreement For, LLC A California Limited Liability Company

Sample Operating Agreement For, LLC A California Limited Liability Company Sample Operating Agreement For, LLC A California Limited Liability Company This Operating Agreement (the "Agreement") is made effective as of, by and among and those Persons (the Members ) identified in

More information

BMA ADVISORS, LLC Investment Advisory Agreement

BMA ADVISORS, LLC Investment Advisory Agreement BMA ADVISORS, LLC Investment Advisory Agreement 608 Silver Spur Road, Suite 100, Rolling Hills Estates, CA 90274 This agreement describes the relationship between BMA Advisors, LLC (hereinafter BMA ) and

More information

SAMPLE ARTICLES OF INCORPORATION XYZ BOOSTER CLUB, INC. ARTICLE I. The name of the corporation is XYZ BOOSTER CLUB, INC. ARTICLE II ARTICLE III

SAMPLE ARTICLES OF INCORPORATION XYZ BOOSTER CLUB, INC. ARTICLE I. The name of the corporation is XYZ BOOSTER CLUB, INC. ARTICLE II ARTICLE III SAMPLE ARTICLES OF INCORPORATION XYZ BOOSTER CLUB, INC. ARTICLE I The name of the corporation is XYZ BOOSTER CLUB, INC. The corporation is a non-profit corporation. The period of its duration is perpetual.

More information

AMENDED AND RESTATED OPERATING AGREEMENT OF IRES, LLC A COLORADO LIMITED LIABILITY COMPANY - Approved May 2007 -

AMENDED AND RESTATED OPERATING AGREEMENT OF IRES, LLC A COLORADO LIMITED LIABILITY COMPANY - Approved May 2007 - AMENDED AND RESTATED OPERATING AGREEMENT OF IRES, LLC A COLORADO LIMITED LIABILITY COMPANY - Approved May 2007 - THIS AMENDED AND RESTATED OPERATING AGREEMENT is made and entered into this _ day of May,

More information

DEARBORN DOLPHINS BYLAWS AS ADOPTED AT A MEETING OF THE BOARD OF DIRECTORS HELD ON AUGUST 10, 2006

DEARBORN DOLPHINS BYLAWS AS ADOPTED AT A MEETING OF THE BOARD OF DIRECTORS HELD ON AUGUST 10, 2006 DEARBORN DOLPHINS BYLAWS AS ADOPTED AT A MEETING OF THE BOARD OF DIRECTORS HELD ON AUGUST 10, 2006 ARTICLE 1- NAME AND PRINCIPAL OFFICE SECTION 1.1 The name of this Michigan nonprofit corporation is Dearborn

More information