Which of the following is not true regarding the Uniform Limited Liability Company Act?
A) The Act codifies limited liability company law.
B) The Act was issued by the National Conference of Commissioners of Uniform State Laws.
C) The Act is binding on any state that allows limited liability companies.
D) The Act covers most problems that arise in the formation, operation, and termination of limited liability companies.
E) The Act was issued in 1995.
Correct Answer:
Verified
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