Liability of a Member to the Company. A Member who receives a distribution from the Company is liable to the Company only to the extent provided by the Act.
Appears in 5 contracts
Samples: Limited Liability Company Operating Agreement (Lightstone Real Estate Income Trust Inc.), Limited Liability Company Agreement (First Capital Real Estate Trust Inc), Limited Liability Company Agreement (First Capital Real Estate Trust Inc)
Liability of a Member to the Company. A Member who receives a distribution from in violation of this Agreement or the Company Act is liable to the Company only to the extent now or hereafter provided by the Act.
Appears in 2 contracts
Samples: Operating Agreement (Diversified Opportunities Group LTD), Operating Agreement (Black Hawk Gaming & Development Co Inc)
Liability of a Member to the Company. A Member who receives a distribution from or the Company return in whole or in part of its contribution is liable to the Company only to the extent provided by the Act.
Appears in 1 contract
Samples: Regulations and Operating Agreement (Dynacq International Inc)
Liability of a Member to the Company. A Member who receives a distribution from or the Company return in whole or in part of its Capital Contribution is liable to the Company only to the extent provided by the Act.
Appears in 1 contract
Liability of a Member to the Company. A Member who receives a any distribution from the Company is liable to the Company only to the extent now or hereafter provided by the Act.
Appears in 1 contract
