Transcription of Sample Operating Agreement For , LLC A Texas …
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Sample Operating Agreement For , LLC A Texas …
Sample Operating Agreement For _____, LLC A Texas Limited Liability Company This Operating Agreement (the " Agreement ") is made effective as of _____, by and among and those Persons (the Members ) identified in Exhibit A. In consideration of the mutual covenants and conditions herein, the Members agree as follows: ARTICLE I ORGANIZATION Formation and Qualification. The Members have formed a limited liability company (the Company ) under the Texas Limited Liability Company Act (currently Chapter 18 of Title 6 of the Texas Code) (the "Act") by filing Articles of Organization with the Texas Secretary of State.
Nonvoting Capital and thereby admit a new Member or Members, as the case may be, to the Company, only if such new Member (i) is approved unanimously by the Voting Members; (ii) delivers
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