The District of Columbia Resolution of Meeting of LLC Members to Sell or Transfer Stock is a legal document that outlines the approval and process for selling or transferring stocks owned by a Limited Liability Company (LLC) in the District of Columbia. This resolution is typically adopted during a meeting of LLC members and provides a clear framework for the sale or transfer of stock interests. Keywords: District of Columbia, Resolution of Meeting, LLC Members, Sell, Transfer, Stock, Limited Liability Company. Different types of District of Columbia Resolution of Meeting of LLC Members to Sell or Transfer Stock include: 1. Simple Resolution: This type of resolution is used when all members of the LLC unanimously agree to sell or transfer stocks. It states the members' intent, outlines the terms of the sale or transfer, and designates the authorized signatories. 2. Special Resolution: A special resolution is adopted when there is a specific requirement or condition that needs to be met for the sale or transfer of stocks. It may involve obtaining approval from a specific percentage of members or fulfilling certain legal obligations. 3. Ordinary Resolution: An ordinary resolution is passed when the majority of LLC members agree to sell or transfer stocks. It requires a simple majority vote and typically covers routine transactions. 4. Unanimous Consent Resolution: This resolution is used when all members of the LLC provide their written consent to sell or transfer stocks. It eliminates the need for a physical meeting and ensures unanimous agreement. 5. Resolution with Conditions: In some cases, LLC members may approve the sale or transfer of stocks but impose specific conditions that must be met before the transaction is finalized. These conditions could include obtaining regulatory approvals, conducting due diligence, or satisfying financial obligations. When drafting a District of Columbia Resolution of Meeting of LLC Members to Sell or Transfer Stock, it is crucial to consult a legal professional to ensure adherence to local laws and regulations.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.