Business, 10.03.2020 19:52 homework2358

Matt and Chad form an LLC, and Matt later decides to withdraw as a member. They do not have a provision in their operating agreement regarding withdrawal of a member, but they do live in a state that has adopted the ULLCA, which means that: a. the LLC must dissolve within 120 days. b. Matt will lose all of his interest in the LLC. c. Matt must find a new member to purchase his interest at a fair value. d. the LLC must purchase Matt's interest at fair value within 120 days.

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Matt and Chad form an LLC, and Matt later decides to withdraw as a member. They do not have a provis...