Find Bill
Find Your Legislator
Legislative Deadlines
Sept. 29, 2017
RSS Feed Permanent URL -A +A

2016 Statute



Prev Article 76. - LIMITED LIABILITY COMPANIESNext


17-7696.Remedies for breach of operating agreement by manager. An operating agreement may provide that:

(a) A manager who fails to perform in accordance with, or to comply with the terms and conditions of, the operating agreement shall be subject to specified penalties or specified consequences; and

(b) at the time or upon the happening of events specified in the operating agreement, a manager shall be subject to specified penalties or specified consequences.

History: L. 1999, ch. 119, § 35; Jan. 1, 2000.



Prev Article 76. - LIMITED LIABILITY COMPANIESNext
2017. Powered by KLISS. Rendered: 2017-09-29T21:51:16. Head Rev No: 272168