Ordinarily, members of manager-managed LLCs have duties to the LLC and its members by reason of being members.
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Q14: Legislation authorizing the formation of low-profit limited
Q15: A limited partnership agreement may not provide
Q16: If the written partnership agreement makes no
Q17: A limited partnership must continuously maintain an
Q18: The majority of states have adopted the
Q20: Most LLC statutes expressly provide for mergers,
Q21: Members of an LLC share profits and
Q22: A limited liability company is a relatively
Q23: General partners and limited partners rank equally
Q24: The laws of the state in which
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