From 22665dd44adb173f28f5b895d69b1dd32262f015 Mon Sep 17 00:00:00 2001 From: ReachableCEO Date: Mon, 3 Jun 2024 19:19:16 +0000 Subject: [PATCH] Jun 3, 2024, 2:19 PM --- COOTodo.md | 24 ------------------------ 1 file changed, 24 deletions(-) diff --git a/COOTodo.md b/COOTodo.md index 6c2cb62..41610a1 100644 --- a/COOTodo.md +++ b/COOTodo.md @@ -34,30 +34,6 @@ - D&BSN - sam - -- Finalize operating agreement with following series language - -``` -series language - -Notice of Limitation on Liability of Series - -The Company Agreement may establish or provide for the establishment of one or more designated series of members, managers, membership interests, or assets that (1) has separate rights, -powers, or duties with respect to specified property or obligations of the Company or profits and losses associated with specified property or obligations, or (2) -has a separate business purpose or investment objective. - -Subject to the provisions of the Texas Business Organizations Code (1) the debts, liabilities, obligations, and expenses incurred, contracted for, or otherwise existing with -respect to a particular series shall be enforceable against the assets of that series only, and shall not be enforceable against the assets of the Company generally -or any other series, and (2) none of the debts, liabilities, obligations, and expenses incurred, contracted for, or otherwise existing with respect to the Company generally – -or any other series – shall be enforceable against the assets of a particular series. - -Specific series of assets shall be separately labeled or enumerated in such a manner as to identify each series’ assets, structure, and operations. -Pursuant to §101.614 of the Texas Business Organizations Code, and as ore fully set forth in the Company Agreement, -a specific series and its business and affairs ay be wound up and terminated without causing the winding up of the Company. -The winding up of a series shall not affect the litigation of liability of members and managers of other series or the Company at large. - -``` - - Contract execution - NDA - Non compete