Legal Question in Business Law in Virginia

Operating agreement states that member is obligated to contribute a certain financial contribution but has not contributed any amount, is member still legally considered a member or is membership legally null & void?


Asked on 3/08/17, 9:31 pm

1 Answer from Attorneys

Michael Hendrickson Law Office Michael E. Hendrickson

Operating agreement with respect to what, a business organized as am LLC?

Furthermore, if the above is correct, all such operating agreements for an

LLC should be reduced to writing, detailing the rights and obligations of

the membership.

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Answered on 3/09/17, 10:00 am


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