Members definition
Examples of Members in a sentence
None of the Company Group Members have a share capital account that is tainted under Section 160ARDM of the ITAA 36 or within division 197 of the ITAA 97 by the transfer of an amount to the share capital account from any of its other accounts.
The relationship of the DI and partnership representative to the Members is that of a fiduciary, and the DI and partnership representative have a fiduciary obligation to perform their duties as the partnership representative and DI in such manner as will serve the best interests of the LLC and all of the LLC’s Members.
Irrespective of any provision of Section 18-209 of the Act, but subject to the terms of this Agreement, including, but not limited to Section 3.11(b) hereof, a merger or other LLC Liquidation Event shall not require approval by any separate class or group of Members.
The winding up of the LLC shall be completed when all debts, liabilities and obligations of the LLC have been paid and discharged or reasonably adequate provision therefor has been made, and all of the remaining property and assets of the LLC have been distributed to the Members.
The LLC and the DI shall keep the Members informed of all administrative and judicial proceedings, as required by Code Section 6223(g), and shall furnish a copy of each notice or other communication received by the LLC and the DI from the IRS or other taxing authority to each Member, except such notices or communications as are sent directly to such Member by the IRS or other taxing authority.