Guam Minutes of a Special Meeting of the Members of a Limited Liability Company Authorizing Redemption of Member's Interest in Limited Liability
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FAQ
Code § 21.218(b).) A member of an LLC may request to examine and copy ?information regarding the business, affairs, and financial condition? of the company. Generally, this includes books and accounting records, meeting minutes, and membership records.
A limited liability company, or LLC, is a business entity that is formed under state law that combines characteristics of a corporation and a partnership. They are similar to corporations in that an LLC's members are not liable for the debts of the business, provided that certain formalities are observed.
The company agreement of a limited liability company may expand or restrict any duties, including fiduciary duties, and related liabilities that a member, manager, officer, or other person has to the company or to a member or manager of the company.
Section 101.206 - Prohibited Distribution; Duty to Return (a) Unless the distribution is made in compliance with Chapter 11, a limited liability company may not make a distribution to a member of the company if, immediately after making the distribution, the company's total liabilities, other than liabilities described ...
Section 101.112 - Member's Membership Interest Subject to Charging Order (a) On application by a judgment creditor of a member of a limited liability company or of any other owner of a membership interest in a limited liability company, a court having jurisdiction may charge the membership interest of the judgment ...
101.108. ASSIGNMENT OF MEMBERSHIP INTEREST. (a) A membership interest in a limited liability company may be wholly or partly assigned.
Current with legislation from the 2023 Regular and Special Sessions effective as of September 1, 2023. (b) The examination and copying under Subsection (a) may be conducted by the member or assignee or through an agent, accountant, or attorney.
Section 101.206 - Prohibited Distribution; Duty to Return (a) Unless the distribution is made in compliance with Chapter 11, a limited liability company may not make a distribution to a member of the company if, immediately after making the distribution, the company's total liabilities, other than liabilities described ...