Agency, Partnership and the Llc: The Law of Unincorporated

Categories Corporate Law

Format: Hardcover

Language: English

Format: PDF / Kindle / ePub

Size: 13.65 MB

Downloadable formats: PDF

If such indebtedness is issued as a distribution, each payment of principal or interest shall be treated as a distribution, the effect of which shall be measured on the date the payment is actually made. Any partnership that desires to elect to be governed by this chapter, or to amend or terminate the election, shall file in the Department of State a statement of election, amendment or termination, as the case may be, which shall be signed by a general partner and shall set forth: (1) The name of the partnership. (2) The location of the principal place of business. (3) The name of each general partner of the partnership as of the date of the statement. (4) A statement that the partnership elects to be governed by this chapter or that the election to be governed by this chapter shall be amended or terminated, as the case may be. (5) If the election is to be made or terminated, a statement that the election or termination has been authorized by at least a majority in interest of the partners.

Pages: 6

Publisher: Lexis Nexis; 6 edition (March 2003)

ISBN: 082055748X

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Subchapter C is spoke of in part 7302 of this name. (a) common rule.--A agreement among a cooperative company and any member, no matter if inside the bylaws or a separate writing, could require the member to: (1) promote, marketplace or bring to or during the company or any amenities supplied through it, any or all exact a part of items produced or to be produced both via the member or lower than the keep watch over of the member. (2) Authorize the company or any amenities offered by way of it to behave for the member in any demeanour with appreciate to any or all particular a part of items produced or to be produced both by way of the member or less than the keep watch over of the member. (3) purchase or procure from or throughout the company or any amenities provided by way of it, any or all special a part of items or prone to be acquired or procured by way of the member. (4) Authorize the company or any amenities offered via it to behave for the member in any demeanour within the procurement of products or the procurement or functionality of prone. (b) Damages for breach.--A agreement licensed by means of subsection (a) may perhaps repair and require liquidated damages to be paid through the member to the cooperative company within the occasion of breach of the agreement via the member click book.
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