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Subchapter VII. Assignment of Limited Liability Company Interests. Subchapter VIII. Dissolution. Subchapter IX. Foreign Limited Liability Companies.
CHAPTER 18. Limited Liability Company Act. Subchapter III. Members. § 18-301. Admission of members. (a) In connection with the formation of a limited liability company, a person is admitted as a member of the limited liability company upon the later to occur of: (1) The formation of the limited liability company; or.
2023 Delaware Code Title 6 - Commerce and Trade Chapter 18. LIMITED LIABILITY COMPANY ACT
Delaware Corporation and Business Entity Laws. The Sections of the Delaware Code that pertain to the Division of Corporations are: Chapter 96 – Recorders, 9605, 9607, 9624 and 9625. Amendments to the Delaware Code – You may view Amendments to the Delaware Code by year.
A manager of a limited liability company may make contributions to the limited liability company and share in the profits and losses of, and in distributions from, the limited liability company as a member.
One example of this leadership can be seen in Delaware’s Limited Liability Company Act, 6 Del.C. § 18-101, et seq. (DLLC Act), which governs the most popular “alternative” business entity: the Delaware limited liability company (DLLC).
Subchapter XII - STATUTORY PUBLIC BENEFIT LIMITED LIABILITY COMPANIES (§§ 18-1201 — 18-1208) Browse Delaware Code | Chapter 18 - LIMITED LIABILITY COMPANY ACT for free on Casetext.
Conversion of certain entities to a limited liability company. (a) As used in this section and in § 18-204 of this title, the term “other entity” means a corporation, a statutory trust, a business trust, an association, a real estate investment trust, a common-law trust or any other incorporated or unincorporated business or entity ...
Delaware statutes governing limited liability companies (LLCs) which can be found in Chapter 18 of Title 6 of the Delaware Code. It provides, among other things, laws relating to the formation, management, governance, mergers, and dissolution of LLCs.
A limited liability company agreement is not subject to any statute of frauds (including § 2714 of this title). A limited liability company agreement may provide rights to any person, including a person who is not a party to the limited liability company agreement, to the extent set forth therein.