Search for: "C&B Operations, LLC" Results 81 - 100 of 1,321
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28 Aug 2014, 1:02 pm by Gene Takagi
Generally, a domestic LLC exempt under Section 501(c)(3) of the Internal Revenue Code will be eligible to receive (a) deductible charitable contributions and (b) private foundation grants without the need for expenditure responsibility. [read post]
4 Apr 2016, 3:31 am by Peter Mahler
Section 18-305 (c) of Delaware’s LLC Act has a similar provision, with one important difference: the Delaware provision authorizes the manager to withhold confidential information whether or not such authority is spelled out in the operating agreement. [read post]
4 Apr 2016, 3:31 am by Peter Mahler
Section 18-305 (c) of Delaware’s LLC Act has a similar provision, with one important difference: the Delaware provision authorizes the manager to withhold confidential information whether or not such authority is spelled out in the operating agreement. [read post]
5 Jul 2010, 4:00 am by Peter A. Mahler
  The Delaware LLC involved in Strix operated four Hooters restaurants in New York. [read post]
3 Sep 2012, 10:00 pm by Peter Mahler
The only other formal requirement under LLC Law §407(c) is that the non-consenting members afterward be given ”prompt notice” of the action taken without a meeting. [read post]
21 Mar 2016, 3:28 am by Peter Mahler
 By 2013, when trial began, the other three LLC members continued to operate the MRI facility at one HHC hospital. [read post]
11 Aug 2008, 11:30 am
The operating agreements in Ross were written before the 1999 amendment to Section 701(b) of the LLC Law, which reversed the prior default rule under which an LLC would dissolve automatically upon the death, retirement, resignation, expulsion, bankruptcy  or  dissolution of a member unless the remaining members opted to continue it. [read post]
18 Sep 2009, 3:39 pm
Notice of Removal Sent In August 2008, Plaintiffs sent Merritt a notice of removal as manager of the Entities under the “for Cause” section of the Entities’ operating agreements, which permitted removal for cause where the manager “(a) engaged in fraud or embezzlement, (b) committed an act of dishonesty, gross negligence, willful misconduct, or malfeasance that has had a material adverse effect on the Company or any other Member, or… [read post]
12 Aug 2013, 3:31 am by Peter Mahler
 That’s because the default rule under §502(c) of the New York LLC Law, like §18-502(c) of the Delaware LLC Act, requires any penalties or consequences for the failure to make contributions to be specified in the operating agreement. [read post]
7 Feb 2013, 10:11 am by grosin
” As subsection (c) makes clear, unauthorized acts that are not apparently carrying on in the usual way the business and affairs of the LLC do not bind the LLC. [read post]
24 Nov 2014, 3:22 am by Peter Mahler
Lastly, it’s worth noting that the LLC Law’s default rule for member-managed LLCs, found in § 402(b), in general provides for member voting at a meeting in-person or by proxy. [read post]
11 Sep 2021, 8:16 am by Franklin C. McRoberts
The remaining 24% membership interests were sold to investors and denominated “Class B” and “Class C” interests, the Class B member having limited voting rights on mergers and acquisitions, the Class C members no voting rights, only an economic interest. [read post]
11 Sep 2018, 1:33 pm by Daniel Nathan
The SEC also found violations of the antifraud provisions, Section 10(b) of the Exchange Act and Rule 10b-5(b) promulgated thereunder, arising from materially false and misleading statements found on Tomahawk’s ICO website and in its white paper. [read post]
1 Mar 2012, 3:39 pm by Alexander J. Davie
 Given that Delaware’s LLC Act emphasises freedom of contract (in section 18-1101(b)) and that contract law provides some level of protection to parties of LLC operating agreements through the implied covenant of good faith and fair dealing, his conclusion was that if an LLC’s operating agreement does not expressly provide for fiduciary duties of managers, “courts should assume the parties did not want [fiduciary duties] to… [read post]