Search for: "Provident Operating Company, LLC" Results 61 - 80 of 4,338
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27 Sep 2011, 5:44 pm by Francis Pileggi
Key Legal Principles The Court acknowledged the truism of Delaware LLC law that a member-manager of a Delaware limited liability company owes traditional fiduciary duties to the LLC and its members unless limited by the LLC operating agreement. [read post]
15 Apr 2014, 10:01 am
However, when the LLC operating agreement is silent, the new Revised Uniform Limited Liability Company Act will govern. [read post]
22 Mar 2013, 10:00 am
Intended to come into effect on January 1, 2014, RULLCA replaces the Beverly-Killea Limited Liability Company Act, and significantly revises the rules for formation and operation of Limited Liability Companies (LLCs) in the state of California. [read post]
23 Jun 2014, 9:59 am
New Rules Regarding LLCs in California With that being said, we would like to provide you with a little information about a change in California law regarding LLCs, or limited liability companies. [read post]
17 Sep 2018, 3:25 am by Peter Mahler
Further, while the Limited Liability Company Law provides that a manager of an LLC may be removed, that requires a majority vote, which [Respondent] lacks as [Petitioner] owns half of the interest in Vintage India (see LLCL § 414). [read post]
4 Nov 2018, 12:42 pm by J. Ross Pepper
Many Tennessee Limited Liability Companies (“LLCs”) are set up, for whatever reason, so that their operating agreements do not provide for the buying out or expulsion of a member, whether pursuant to a mandatory buy-sell clause or pursuant to a clause that sets forth conduct which is grounds for expulsion. [read post]
25 Jan 2012, 7:48 am by Jeffrey W. Berkman, Esq.
In fact, the New York Limited Liability Company Law (NY LLCL) requires that an LLC have an Operating Agreement, failing which the members of the LLC are subjected to an agreement that is essentially created from the provisions of the NY LLCL.  [read post]
29 Oct 2018, 5:00 am by Imke Ratschko
Under New York Limited Liability Company law, you can only withdraw under the circumstances provided for in the operating Agreement (Section 507). [read post]
29 Oct 2018, 5:00 am by Imke Ratschko
Under New York Limited Liability Company law, you can only withdraw under the circumstances provided for in the operating Agreement (Section 507). [read post]
30 Mar 2015, 9:25 am by Rob Armstrong
  For example, the operating agreement now allows LLCs to restrict members from bringing lawsuits against other managing members on behalf of the company or seeking judicial dissolution of the LLC without first pursuing alternative remedies. [read post]
11 Nov 2019, 3:45 am by Peter Mahler
Even if the Operating Agreement is “silent” with respect to the replacement of Managers and the default provisions of the LLCL apply, the continued decision to keep Win Win Asset Management LLC as the managing agent of the company is also a major management decision for the Company, and requires a majority vote. [read post]
10 Jan 2008, 6:31 pm
Limited liability companies provide asset protection benefits, not because the membership interest in an LLC is exempt from levy and collection, but because the Florida statutes limit a creditor's collection remedies to that of a charging lien on LLC distributions, if any, to the debtor. [read post]
25 Sep 2018, 8:26 am by IncNow
In this mechanism, any member can invoke the process by giving a notice to the other members, and providing a number which is supposed to represent the value of the company’s assets. [read post]
19 Jan 2018, 7:31 am by Steven Boutwell
A Company Man does not affirmatively assume any duty to provide an independent contractor’s employees with a safe workplace simply by observing their unsafe work habits. [read post]
22 Jul 2013, 6:59 pm
In addition, Beverly Killea provides that fiduciary duties may be modified but does not specify in extent or manner in which they can be modified ("[t]he fiduciary duties of a manager to the limited liability company and to the members of the limited liability company may only be modified in a written operating agreement with the informed consent of the members."). [read post]
6 Jul 2012, 10:48 am by Casey W. Riggs
This post is the fourth in a series exploring techniques to attract and retain key employees, directors, and other service providers of privately held companies through equity-based compensation arrangements and alternative arrangements that provide cash payments tied to the value of the company’s stock or ownership interests. [read post]
26 Jan 2010, 5:57 pm by Dana
California Corporations Code Section 17100(c) says that an LLC operating agreement may provide for [...] [read post]
15 Feb 2013, 8:08 am by Charles Rubin
Therefore, an LLC electing ‘S’ status provides superior creditor protection to its owners. [read post]
15 Feb 2013, 8:08 am by Charles Rubin
Therefore, an LLC electing ‘S’ status provides superior creditor protection to its owners. [read post]