MEMBER'S ACCOUNTS. The Managers shall maintain separate capital and distribution accounts for each member. Each Member's capital account shall be determined and maintained in the manner set forth in Treasury Regulation 1.704-1(b)(2)(iv).
Appears in 6 contracts
Sources: Limited Liability Company Operating Agreement (Global Income Fund, Inc.), Limited Liability Company Operating Agreement (Global Income Fund, Inc.), Limited Liability Company Operating Agreement (Global Income Fund, Inc.)
MEMBER'S ACCOUNTS. The Managers shall maintain separate capital and distribution accounts for each member. Each Member's capital account shall be determined and maintained in accordance with the manner rules set forth in United States Treasury Regulation Section 1.704-1(b)(2)(iv).
Appears in 1 contract
Sources: Limited Liability Company Operating Agreement (Global Income Fund, Inc.)