21-111 Operating agreement; effect on limited liability company and persons becoming members; preformation agreement. - Nebraska Statutes

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Statutes > Nebraska > Chapter21 > 21-111

21-111. Operating agreement; effect on limitedliability company and persons becoming members; preformation agreement.(ULLCA 111) (a) A limitedliability company is bound by and may enforce the operating agreement, whetheror not the company has itself manifested assent to the operating agreement.(b) A person that becomesa member of a limited liability company is deemed to assent to the operatingagreement.(c)Two or more persons intending to become the initial members of a limited liabilitycompany may make an agreement providing that upon the formation of the companythe agreement will become the operating agreement. One person intending tobecome the initial member of a limited liability company may assent to termsproviding that upon the formation of the company the terms will become theoperating agreement. SourceLaws 2010, LB888, § 11.Operative Date: January 1, 2011

State Codes and Statutes

Statutes > Nebraska > Chapter21 > 21-111

21-111. Operating agreement; effect on limitedliability company and persons becoming members; preformation agreement.(ULLCA 111) (a) A limitedliability company is bound by and may enforce the operating agreement, whetheror not the company has itself manifested assent to the operating agreement.(b) A person that becomesa member of a limited liability company is deemed to assent to the operatingagreement.(c)Two or more persons intending to become the initial members of a limited liabilitycompany may make an agreement providing that upon the formation of the companythe agreement will become the operating agreement. One person intending tobecome the initial member of a limited liability company may assent to termsproviding that upon the formation of the company the terms will become theoperating agreement. SourceLaws 2010, LB888, § 11.Operative Date: January 1, 2011

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State Codes and Statutes

Statutes > Nebraska > Chapter21 > 21-111

21-111. Operating agreement; effect on limitedliability company and persons becoming members; preformation agreement.(ULLCA 111) (a) A limitedliability company is bound by and may enforce the operating agreement, whetheror not the company has itself manifested assent to the operating agreement.(b) A person that becomesa member of a limited liability company is deemed to assent to the operatingagreement.(c)Two or more persons intending to become the initial members of a limited liabilitycompany may make an agreement providing that upon the formation of the companythe agreement will become the operating agreement. One person intending tobecome the initial member of a limited liability company may assent to termsproviding that upon the formation of the company the terms will become theoperating agreement. SourceLaws 2010, LB888, § 11.Operative Date: January 1, 2011