Common use of Married Members Whose Clause in Contracts

Married Members Whose. Spouses Do Not Sign This Agreement 28 Section 8.3 A Member May Not Unilaterally Dissociate: Act Section 29‐3601 29 Section 8.4 Events that Cause a Member’s Dissociation: Act Section 29‐3602 29 Section 8.5 Effect of a Member’s Dissociation: Act Section 29‐3603 31 Section 8.6 Company Records 32 Section 8.7 Priority and Return of Capital 32 Section 8.8 Tax Matters 32 Section 8.9 Other Instruments 32 Section 8.10 Confidentiality 33 Section 8.11 Maintenance of Subchapter S Status 34 Section 8.12 Falsification of the Articles of Organization 34 Section 8.13 Liability for Filing a False Document with the Arizona Corporation Commission: Act Section 20‐3205 35 Section 8.14 Transactions Between a Member and the Company 36 Section 8.15 Guaranties 36 Section 8.16 Consequences of the Company or a Member Getting a Judgment Against a Member 37 Section 8.17 Theft or Embezzlement 38 Section 8.18 Expulsion of a Member 38 Section 8.19 Company’s Purchase Option 39 Section 8.20 Payment Terms 40 Section 8.21 Sale of Company’s Real Property 40 Section 9.1 Definitions 41 Section 9.2 Preemptive Rights 41 Section 9.3 Requirement for a New Member 42 Section 9.4 Prohibition on Transfer of a Member's Membership Interest 42 Section 9.5 Transfers of Membership Interests Without Consent 42 Section 9.6 Transfer of a Membership Interest on Death of a Member by a Transfer of Membership Interest Testament 43

Married Members Whose. Spouses Do Not Sign This Agreement 28 Section 8.3 A Member May Not Unilaterally Dissociate: Act Section 29‐3601 29 Section 8.4 Events that Cause a Member’s Dissociation: Act Section 29‐3602 29 Section 8.5 Effect of a Member’s Dissociation: Act Section 29‐3603 31 Section 8.6 Company Records 32 Section 8.7 Priority and Return of Capital 32 Section 8.8 Tax Matters 32 Section 8.9 Other Instruments 32 Section 8.10 Confidentiality 33 Corporate Transparency Act Compliance 32 Section 8.11 CTA Affidavit 34 Section 8.12 Confidentiality 35 Section 8.13 Maintenance of Subchapter S Status 34 37 Section 8.12 8.14 Falsification of the Articles of Organization 34 37 Section 8.13 8.15 Liability for Filing a False Document with the Arizona Corporation Commission: Act Section 20‐3205 35 38 Section 8.14 8.16 Transactions Between a Member and the Company 36 38 Section 8.15 8.17 Guaranties 36 39 Section 8.16 8.18 Intellectual Property Rights 39 Section 8.19 Consequences of the Company or a Member Getting a Judgment Against a Member 37 40 Section 8.17 8.20 Theft or Embezzlement 38 40 Section 8.18 8.21 Expulsion of a Member 38 41 Section 8.19 8.22 Company’s Purchase Option 39 42 Section 8.20 8.23 Payment Terms 40 Section 8.21 Sale of Company’s Real Property 40 42 Section 9.1 Definitions 41 44 Section 9.2 Preemptive Rights 41 44 Section 9.3 Requirement for a New Member 42 44 Section 9.4 Prohibition on Transfer of a Member's Membership Interest 42 45 Section 9.5 Transfers of Membership Interests Without Consent 42 45 Section 9.6 Transfer of a Membership Interest on Death of a Member by a an LLC Beneficiary Designation Form 46 Section 9.7 Transfer of a Membership Interest Testament 43on the Death of a Member 47 Section 10.1 General 48 Section 10.2 No Required Meetings 48 Section 10.3 Meetings of Members 48 Section 10.4 Meetings of Managers 48 Section 10.5 Notice of Meetings 48 Section 10.6 Place of Meetings 48 Section 10.7 Meeting of all Members 49 Section 10.8 Record Date 49 Section 10.9 Quorum 49 Section 10.10 Order of Business 49 Section 10.11 Manner of Acting 49 Section 10.12 Votes 50 Section 10.13 Member Subject to a Court Order 50 Section 10.14 Proxies 50 Section 10.15 Action by Members Without a Meeting 50 Section 10.16 Waiver of Notice 51 Section 11.1 When This Article Applies 52 Section 11.2 Tax Classification 52 Section 11.3 Partnership Representative 52 Section 11.4 Initial Partnership Representative 52 Section 11.5 Knowledge of a Tax Problem 52 Section 11.6 Partnership Representative’s Obligations 52 Section 11.7 Partnership Representative to Preserve Tax Classification 53 Section 11.8 Coordination with TEFRA Audit Rules 53

Married Members Whose. Spouses Do Not Sign This Agreement 28 Section 8.3 A Member May Not Unilaterally Dissociate: Act Section 29‐3601 29 Section 8.4 Events that Cause a Member’s Dissociation: Act Section 29‐3602 29 Section 8.5 Effect of a Member’s Dissociation: Act Section 29‐3603 31 Section 8.6 Company Records 32 Section 8.7 Priority and Return of Capital 32 Section 8.8 Tax Matters 32 Section 8.9 Other Instruments 32 Section 8.10 Confidentiality 33 32 Section 8.11 Maintenance of Subchapter S Status 34 Section 8.12 Falsification of the Articles of Organization 34 Section 8.13 Liability for Filing a False Document with the Arizona Corporation Commission: Act Section 20‐3205 35 Section 8.14 Transactions Between a Member and the Company 36 Section 8.15 Guaranties 36 Section 8.16 Consequences of the Company or a Member Getting a Judgment Against a Member 37 36 Section 8.17 Theft or Embezzlement 38 37 Section 8.18 Expulsion of a Member 38 Section 8.19 Company’s Purchase Option 39 38 Section 8.20 Payment Terms 40 Section 8.21 Sale of Company’s Real Property 40 39 Section 9.1 Definitions 41 40 Section 9.2 Preemptive Rights 41 40 Section 9.3 Requirement for a New Member 42 40 Section 9.4 Prohibition on Transfer of a Member's Membership Interest 42 41 Section 9.5 Transfers of Membership Interests Without Consent 42 41 Section 9.6 Transfer of a Deceased Member’s Membership Interest on Death 41 Section 10.1 General 43 Section 10.2 No Required Meetings 43 Section 10.3 Meetings of Members 43 Section 10.4 Meetings of Managers 43 Section 10.5 Notice of Meetings 43 Section 10.6 Place of Meetings 43 Section 10.7 Meeting of all Members 44 Section 10.8 Record Date 44 Section 10.9 Quorum 44 Section 10.10 Order of Business 44 Section 10.11 Manner of Acting 44 Section 10.12 Votes 45 Section 10.13 Member Subject to a Court Order 45 Section 10.14 Proxies 45 Section 10.15 Action by Members Without a Meeting 45 Section 10.16 Waiver of Notice 46 Section 11.1 When This Article Applies 47 Section 11.2 Tax Classification 47 Section 11.3 Partnership Representative 47 Section 11.4 Initial Partnership Representative 47 Section 11.5 Knowledge of a Member by a Transfer of Membership Interest Testament 43Tax Problem 47 Section 11.6 Partnership Representative’s Obligations 47 Section 11.7 Partnership Representative to Preserve Tax Classification 48 Section 11.8 Coordination with TEFRA Audit Rules 48