B2B,LLC,is a limited liability company.Among its members,a dispute arises that the operating agreement does not cover.The dispute is gov?erned by

Question

Quizplus · Accepted Answer

A limited liability company is governed by the LLC statute of the state in which it is registered. In the absence of a provision in the operating agreement to address the dispute, the state LLC statute would govern. Choice B is incorrect as there is no federal Uniform LLC Law. Choice C is incorrect as LLCs are distinct from partnerships and are governed by different laws. Choice D is incorrect as the dispute pertains to an LLC, not a corporation.

B2B,LLC,is a Limited Liability Company