AMENDMENTS TO LAKE AREA CORN PROCESSORS, LLC’s OPERATING AGREEMENT Adopted by the Board of Managers on February 17, 2005 (Underline denotes amendments)
Exhibit 3(ii)(a)
AMENDMENTS TO LAKE AREA CORN PROCESSORS, LLC’s
Adopted by the Board of Managers on February 17, 2005
(Underline denotes amendments)
3.9 (a) Class A Members. Class A Members shall be entitled to vote on all matters coming to a vote of the Class A Members. Each Class A Member may cast only one vote on each matter brought to a vote of the Class A Members, regardless of the number of Class A capital units owned. All matters voted upon by the Class A Members shall require the affirmative vote of the majority of the Class A Members voting on the matter at hand, except that the election of individuals serving on the Board of Managers under Section 3.9(b)(iv) shall be determined by a vote of the plurality of the Class A Members voting on the matter at hand.