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Which of the Following Is True Regarding When a Member

Question 117

Multiple Choice

Which of the following is true regarding when a member has the power to withdraw from a limited liability company?


A) Unless the operating agreement provides otherwise, a member has the power to withdraw from both an "at-will" limited liability company and a "term" limited liability company.
B) A member does not have the power to withdraw from either an "at-will" limited liability company or a "term" limited liability company without the consent of all other members.
C) A member had the power to withdraw from a "term" limited liability company, but does not have the power to withdraw from an "at-will" limited liability company without the consent of all other members.
D) Unless the operating agreement provides otherwise, a member has the power to withdraw from an "at-will" limited liability company, but does not have the power to withdraw from a "term" limited liability company.
E) Unless the operating agreement provides otherwise, a member has the power to withdraw from a "term" limited liability company, but does not have the power to withdraw from an "at-will" limited liability company.

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