QuestionJune 23, 2025

In an operating agreement should one of the members die, what will be the effect? Multiple Choice The operating agreement can specify what effect it will have. The LLC will operate perpetually by operation of law. The LLC will always dissolve by operation of law. The courts will issue a judicial decree of the he status of the LLC.

In an operating agreement should one of the members die, what will be the effect? Multiple Choice The operating agreement can specify what effect it will have. The LLC will operate perpetually by operation of law. The LLC will always dissolve by operation of law. The courts will issue a judicial decree of the he status of the LLC.
In an operating agreement should one of the members die, what will be the effect?
Multiple Choice
The operating agreement can specify what effect it will have.
The LLC will operate perpetually by operation of law.
The LLC will always dissolve by operation of law.
The courts will issue a judicial decree of the he status of the LLC.

Solution
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Answer

The operating agreement can specify what effect it will have. Explanation An operating agreement can outline specific provisions regarding the death of a member, including whether the LLC continues or dissolves. This flexibility allows members to determine their preferred outcome.

Explanation

An operating agreement can outline specific provisions regarding the death of a member, including whether the LLC continues or dissolves. This flexibility allows members to determine their preferred outcome.
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