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The Uniform Limited Liability Company Act (ULLCA), which includes a 2006 revision called the Revised Uniform Limited Liability Company Act, is a uniform act (similar to a model statute), proposed by the National Conference of Commissioners on Uniform State Laws ("NCCUSL") for the governance of limited liability companies (often called LLCs) by U.S. states.
A shotgun clause (or Texas Shootout Clause [1]) is a term of art, rather than a legal term. It is a specific type of exit provision that may be included in a shareholders' agreement, and may often be referred to as a buy-sell agreement. The shotgun clause allows a shareholder to offer a specific price per share for the other shareholder(s ...
The Uniform Partnership Act (UPA), which includes revisions that are sometimes called the Revised Uniform Partnership Act (RUPA), is a uniform act (similar to a model statute), proposed by the National Conference of Commissioners on Uniform State Laws ("NCCUSL") for the governance of business partnerships by U.S. States.
A variation on the Texas shoot-out (and slightly different from the traditional Dutch auction), the parties send in sealed bids indicating the minimum price that they would be prepared to sell their half share for. Whichever sealed bid is the higher "wins" and that bidder then buys the "loser's" share at the price indicated in the loser's ...
Texas Rangers ending partnership with Bally Sports after 2024 pending approval. Lawrence Dow. November 14, 2023 at 3:45 PM. 1 / 2. Texas Rangers ending partnership with Bally Sports after 2024 ...
Fuddruckers was founded as Freddie Fuddruckers in 1979 by Philip J. Romano in San Antonio, Texas, at a location converted from an old bank to a restaurant. [7] He started the chain because he thought that "the world needed a better hamburger". [8]
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United Space Alliance's original logo, used until 2008, featured the Space Shuttle orbiter [2]. United Space Alliance was formed as a limited liability company as a joint venture between Rockwell International and Lockheed Martin in response to NASA's desire to consolidate many Space Shuttle program contracts to one prime contractor.