Duties Only to the Company. The Member's fiduciary duties of loyalty and care are to the Company and not to any future Members or Officers. The Member shall owe fiduciary duties of disclosure, good faith and fair dealing to the Company, but shall owe no such duties to Officers. A Member who so performs their duties shall not have any liability by reason of being or having been a Member.
Appears in 2 contracts
Samples: Operating Agreement, ilcacademy.com
Duties Only to the Company. The Member's ’s fiduciary duties of loyalty and care are to the Company and not to any future Members or Officersthe other Members. The Member Members shall owe fiduciary duties of disclosure, good faith and fair dealing to the Company, but shall owe no such duties Company and to Officersthe other Members. A Member who so performs their duties shall not have any liability by reason of being or having been a Member.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Hempacco Co., Inc.)
Duties Only to the Company. The Member's fiduciary duties of loyalty and care are to the Company and not to any future Members or Officers. The Member shall owe fiduciary duties of disclosure, good faith and fair dealing to the Company, but shall owe no such duties to OfficersOfficers and to the other Members. A Member who so performs their duties shall not have any liability by reason of being or having been a Member.
Appears in 1 contract
Samples: Limited Liability Company Agreement
