New Mexico Resolution of Meeting of LLC Members to Authorize Contract: A resolution of a meeting of LLC members in New Mexico is a formal document that outlines the decisions made during a meeting when members of a Limited Liability Company gather to authorize a specific contract. This legally binding resolution serves to provide a detailed account of the meeting and any actions taken by the members involved. Keywords: New Mexico, Resolution, LLC, Members, Authorize, Contract, Meeting, Formal, Document, Decisions, Legally Binding, Account, Actions. Types of New Mexico Resolution of Meeting of LLC Members to Authorize Contract: 1. Single Contract Authorization Resolution: This type of resolution is used when members of an LLC convene to authorize a specific contract. It details the contract's details, parties involved, terms and conditions, and any additional agreements that are relevant to the agreement. 2. Multiple Contract Authorization Resolution: In situations where an LLC needs to authorize multiple contracts during a meeting, a multiple contract authorization resolution is utilized. This type of resolution lists all the contracts being authorized, providing comprehensive information about each contract separately. 3. Amended Contract Authorization Resolution: Sometimes, an LLC may need to amend an existing contract, which requires a revised resolution. An amended contract authorization resolution details the proposed changes or additions to the original contract, along with the reasons behind the modifications and the member's votes that support the amendment. 4. Emergency Contract Authorization Resolution: In urgent situations where immediate action is required, an emergency contract authorization resolution is drafted. This type of resolution allows LLC members to authorize a contract outside a regular meeting to ensure timely decision-making. It includes the justification for the emergency action and a summary of the contract's terms. 5. Standing Contract Authorization Resolution: For contracts that are frequently required by an LLC and need continuous authorization, a standing contract authorization resolution is executed. This resolution gives ongoing approval, specifying the contract's scope, duration, and any limitations or conditions set forth by the members. These various types of resolutions facilitate the orderly decision-making process within an LLC, ensuring that contracts are authorized legally and with the consensus of the members involved.
New Mexico Resolution of Meeting of LLC Members to Authorize Contract
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