Members elect definition
Examples of Members elect in a sentence
The Members elect that the LLC be taxed as a partnership and not as an association taxable as a corporation.
In the event the Members elect to manage the Company directly without appointing a manager, the Members shall elect and appoint officers for the Company who shall act in the name of the under the direction and management of the Members pursuant to this written Agreement.
The Company may, upon unanimous consent of the Members, elect to be treated for income tax purposes as an S Corporation.