Bank Accounts and Investment of Funds. (a) The Managing Member shall open and maintain, on behalf of the Company, a bank account or accounts at such time and in such depositories as it shall determine, in which all monies received by or on behalf of the Company shall be deposited. All withdrawals from such accounts shall be made upon the signature of such person or persons as the Managing Member may from time to time designate.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (RiverBanc Multifamily Investors, Inc.), Contribution Agreement (RiverBanc Multifamily Investors, Inc.), Limited Liability Company Agreement (RiverBanc Multifamily Investors, Inc.)
Bank Accounts and Investment of Funds. (a) The Managing Member Managers shall open and maintain, on behalf of the Company, a bank account or accounts at such time and in such depositories as it shall determine, in which all monies received by or on behalf of the Company shall be deposited. All withdrawals from such accounts shall be made upon the signature of such person or persons as the Managing Member Managers may from time to time designate.
Appears in 1 contract
Samples: Operating Agreement (New Gaming Capital Partnership)
