Cook Illinois Operating Agreement of Minnesota Corn Processors, LLC

• Category: Corporations - Public - Operating
• State: Multi-State
• County: Cook
• Control #: US-EG-9184
• Format: Word; Rich Text

Description

Second Amended and Restated Operating Agreement of Minnesota Corn Processors, LLC dated October 18, 1999. 42 pages The Cook Illinois Operating Agreement of Minnesota Corn Processors, LLC is a legal document that outlines the terms and conditions governing the operation and management of the Cook Illinois facility, a subsidiary of Minnesota Corn Processors, LLC. This agreement serves as a guide and reference for all parties involved in the operations, including the company's management team, employees, and other stakeholders. The Cook Illinois Operating Agreement covers various aspects of the facility's operations, including but not limited to: 1. Purpose: Defines the purpose and objectives of the Cook Illinois facility, detailing the types of products or services it will offer and the target market it will serve. 2. Governance and Management: Outlines the structure of the management team, including the roles and responsibilities of the board of directors and executive officers, as well as any committees that will be established for specific purposes. 3. Capital Contributions: Describes the procedure for the members of Minnesota Corn Processors, LLC to invest capital into the Cook Illinois facility, including the amount and method of contribution, and the rights and obligations associated with these investments. 4. Profit and Loss Allocation: Explains how profits and losses of the Cook Illinois facility will be allocated among its members, specifying any preferred returns or priority distributions if applicable. 5. Decision-making Process: Details the decision-making process, including voting rights and procedures for major decisions that affect the Cook Illinois facility, such as the sale of assets, major capital expenditures, or changes in the nature of operations. 6. Distributions: Outlines the criteria and process for distributing profits to the members, including the timing and frequency of distributions. 7. Transfers of Interests: Addresses the procedures and restrictions associated with transferring ownership interests in the Cook Illinois facility, including the approval and valuation process. 8. Dissolution or Termination: Specifies the circumstances and procedures for the dissolution or termination of the Cook Illinois facility, including the distribution of assets and the resolution of any outstanding obligations. It's important to note that there may be different types or versions of the Cook Illinois Operating Agreement for Minnesota Corn Processors, LLC, depending on factors such as the nature of the facility's operations, the presence of multiple facilities or subsidiaries under different agreements, or specific requirements imposed by governing laws or regulatory bodies.

The Cook Illinois Operating Agreement of Minnesota Corn Processors, LLC is a legal document that outlines the terms and conditions governing the operation and management of the Cook Illinois facility, a subsidiary of Minnesota Corn Processors, LLC. This agreement serves as a guide and reference for all parties involved in the operations, including the company's management team, employees, and other stakeholders. The Cook Illinois Operating Agreement covers various aspects of the facility's operations, including but not limited to: 1. Purpose: Defines the purpose and objectives of the Cook Illinois facility, detailing the types of products or services it will offer and the target market it will serve. 2. Governance and Management: Outlines the structure of the management team, including the roles and responsibilities of the board of directors and executive officers, as well as any committees that will be established for specific purposes. 3. Capital Contributions: Describes the procedure for the members of Minnesota Corn Processors, LLC to invest capital into the Cook Illinois facility, including the amount and method of contribution, and the rights and obligations associated with these investments. 4. Profit and Loss Allocation: Explains how profits and losses of the Cook Illinois facility will be allocated among its members, specifying any preferred returns or priority distributions if applicable. 5. Decision-making Process: Details the decision-making process, including voting rights and procedures for major decisions that affect the Cook Illinois facility, such as the sale of assets, major capital expenditures, or changes in the nature of operations. 6. Distributions: Outlines the criteria and process for distributing profits to the members, including the timing and frequency of distributions. 7. Transfers of Interests: Addresses the procedures and restrictions associated with transferring ownership interests in the Cook Illinois facility, including the approval and valuation process. 8. Dissolution or Termination: Specifies the circumstances and procedures for the dissolution or termination of the Cook Illinois facility, including the distribution of assets and the resolution of any outstanding obligations. It's important to note that there may be different types or versions of the Cook Illinois Operating Agreement for Minnesota Corn Processors, LLC, depending on factors such as the nature of the facility's operations, the presence of multiple facilities or subsidiaries under different agreements, or specific requirements imposed by governing laws or regulatory bodies.