North Carolina Resolution of Meeting of LLC Members to Remove the Manager of the Company and Appoint a New Manager is a legal document used by an LLC (Limited Liability Company) registered in North Carolina to formally remove an existing manager from their position and appoint a new manager. This resolution is significant when the LLC members desire a change in the managerial structure of the company. There are two main types of North Carolina Resolution of Meeting of LLC Members to Remove the Manager of the Company and Appoint a New Manager: 1. Voluntary Resolution: This type of resolution is initiated when the LLC members collectively decide to remove the current manager and appoint a new one. It can be based on various factors such as the manager's performance, conflicts of interest, or a desire for fresh leadership. The members hold a meeting to discuss and vote on the resolution, following the guidelines outlined in the LLC's operating agreement or state laws governing LCS in North Carolina. 2. Involuntary Resolution: This type of resolution is invoked when there are legal grounds for removing the current manager. It may occur due to breach of duties, violation of the LLC's operating agreement, fraud, or other misconduct. In such cases, the LLC members must follow the legal process defined by North Carolina laws and the LLC's operating agreement to remove the manager and appoint a new one. Keywords: North Carolina, Resolution of Meeting, LLC Members, Remove Manager, Appoint New Manager, Voluntary Resolution, Involuntary Resolution, Limited Liability Company, Legal Document, Operating Agreement, State Laws, Managerial Structure, Performance Evaluation, Conflicts of Interest, Fresh Leadership, Legal Grounds, Breach of Duties, Violation, Fraud, Misconduct.
North Carolina Resolution of Meeting of LLC Members to Remove the Manager of the Company and Appoint a New Manager
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