25 lines
1.0 KiB
Markdown
25 lines
1.0 KiB
Markdown
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# Resignation and Removal of Members
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## Expulsion of a member for Cause
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Expulsion of a Member requires an affirmative vote by a 2/3 or greater majority of
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the Board Of Directors (in accordance with the Board Manual and Charter in effect
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at that time) and by written unanimous consent of the Company Members.
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The Member subject to expulsion is not eligible to vote in the proceeding.
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The Member subject to explulsion forefits all equity/interests/rights/contributions
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and any/all Membership interest immediately upon expulsion.
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## Self withdrawal of a Member
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Self withdrawal of a Member requires an affirmative vote by a 2/3 or greater majority
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of the Board Of Directors (in accordance with the Board Manual and Charter in effect
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at that time) and by written unanimous consent of the Company Members.
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The Member requesting self withdrawal is not eligible to vote in the proceeding.
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The Member subject to explulsion forefits all equity/interests/rights/contributions
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and any/all Membership interest immediately upon resignation.
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