New Mexico Resolution of Meeting of LLC Members to Dissolve the Company serves as a formal document that outlines the decision made by the members of a Limited Liability Company (LLC) in New Mexico to dissolve the company. This resolution is an essential step in the process of winding up the affairs and liquidating the assets of the LLC. Keywords: LLC, New Mexico, resolution, meeting, dissolve, company, members, winding up, liquidating assets. There are different types of resolutions that can be used by LLC members to dissolve the company. These include: 1. Unanimous Resolution of Meeting of LLC Members to Dissolve the Company: This type of resolution signifies that all members of the LLC have agreed to dissolve the company. It is commonly used when all members are in favor of dissolution and there are no objections. 2. Majority Resolution of Meeting of LLC Members to Dissolve the Company: In cases where the LLC has multiple members, this type of resolution is passed when a majority of the members vote in favor of dissolution. The specific majority requirement may be outlined in the LLC's operating agreement or state law. 3. Written Consent Resolution of Meeting of LLC Members to Dissolve the Company: Instead of holding a formal meeting, LLC members can choose to pass a resolution through a written consent process. This allows members to individually sign and agree to the dissolution without the need for a physical meeting. Regardless of the type of resolution utilized, the document typically includes the following key elements: 1. Header: The resolution should start with a clear title, such as "Resolution of Meeting of LLC Members to Dissolve the Company." 2. Opening Statements: These statements confirm the identity of the LLC, the date, and the location of the meeting or the execution of the resolution. 3. Purpose: The purpose section outlines the reasons for the LLC's dissolution, which may include the expiration of the LLC's term, business closure, or member consensus. 4. Resolution Statement: This section clearly states the LLC members' decision to dissolve the company in compliance with New Mexico state law and any applicable provisions stated in the operating agreement. 5. Voting Results: If applicable, the resolution should detail the voting process and disclose the number of members who voted in favor, against, and whether any members abstained from voting. 6. Appointment of a Liquidator: In cases where the LLC needs to liquidate its assets, the resolution may include the appointment of a liquidator who will oversee the process, distribute assets, and settle outstanding liabilities. 7. Signatures: Lastly, the resolution requires the signatures of all LLC members to validate their agreement to dissolve the company. It is important to consult with a legal professional or refer to New Mexico state laws and the LLC's operating agreement for specific requirements and procedures regarding the resolution of meeting of LLC members to dissolve the company.
New Mexico Resolution of Meeting of LLC Members to Dissolve the Company
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