Under the section “Actions that require Unanimous Consent of the Members”, what is meant by the option “Assignment of ownership rights of Company Property”?
In order to protect the interests of all members from unauthorized behavior involving company property, the members may want to enhance the control over the use and disposition of company property by requiring unanimous consent on issues involving the use and assignment of property rights in company property.
Related Questions
- Under the section " Actions Requiring Unanimous Consent of the Members", what is meant by the option "Sale of any Company asset with fair market value greater than a fixed amount"?
- Under the section " Actions Requiring Unanimous Consent of the Members", what is meant by the option "Releasing any Company claim except for full consideration"?
- Why would the LLC require unanimous consent on some conditions but not others?
