A member's obligation to contribute capital is excused by the member's death.
Correct Answer:
Verified
Q41: A Limited liability company (LLC) organized in
Q42: An operating agreement can be amended orally.
Q43: What is a distributional interest? Explain the
Q44: Distributional interest refers to a member's ownership
Q45: An LLC is not liable for injury
Q47: The _ is a model act that
Q48: Which of the following is true of
Q49: Members of LLCs (limited liability companies) are
Q50: Managers of LLCs (limited liability companies) are
Q51: An operating agreement is a document that
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents